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TECHS: (U0) Wednesday Dip Shortlived

BTPS
  • RES 4: 148.97 High Feb 13 (cont)
  • RES 3: 148.32 High Mar 4 (cont)
  • RES 2: 148.00 Round number resistance
  • RES 1: 147.95 High Aug 5
  • PRICE: 147.89 @ Close Aug 6
  • SUP 1: 146.37 Low Aug 3
  • SUP 2: 146.31 20-day EMA
  • SUP 3: 145.62 Low Jul 21
  • SUP 4: 144.92 Low Jul 20

BTPs shrugged off the Wednesday dip with ease, rallying right back to the top of the recent range to keep pressure on 147.95 and above. The 148.00 handle is well within reach as bulls look to cement a break. 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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