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TECHS: (U0) Uptrend Intact

BTPS
  • RES 4: 148.97 High Feb 13 (cont)
  • RES 3: 148.95 High Mar 4 (cont)
  • RES 2: 148.88 1.0% 10-dma envelope
  • RES 1: 148.16 High Aug 5
  • PRICE: 147.94 @ Close Aug 10
  • SUP 1: 146.61 20-day EMA
  • SUP 2: 146.37 Low Aug 3
  • SUP 3: 145.62 Low Jul 21
  • SUP 4: 144.92 Low Jul 20

BTPs shrugged off mid-week volatility for a bullish close Friday. This keeps upside target at 148.80 vol band resistance and 148.95 last seen on March 4th. MA and momentum studies remain bullish, which lends some support. Attention is on 148.32 next, high Mar 4 (cont). Initial firm support shifts lower to 146.37, Aug 3 low.

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