TECHS: (U0) Still Heading North

• RES 4: 148.97 High Feb 13 (cont)
• RES 3: 148.32 High Mar 4 (cont)
• RES 2: 147.43 High Mar 5 (cont)
• RES 1: 147.39 High Jul 27
• PRICE: 147.18 @ Close Jul 27
• SUP 1: 145.62 Low Jul 21 and key near-term support
• SUP 2: 145.06 20-day EMA
• SUP 3: 144.92 Low Jul 20
• SUP 4: 143.61 Low Jul 13 and key near-term support

BTPS futures edged higher again yesterday, maintaining the current
uptrend that has been in place since late April. The bullish price
sequence of higher highs and higher lows that defines an uptrend
remains clearly intact. Furthermore, MA and momentum studies are in a
bullish position although it is worth noting that the trend condition is
overbought. Attention is on 148.32 next. Initial firm support is 145.62.