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TECHS: (U9) Bull trend stalling *RES 4:........>

BTPS
BTPS: TECHS: (U9) Bull trend stalling
*RES 4: 142.00 Round number resistance
*RES 3: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low
*RES 2: 141.60 Contract high, Jul 25
*RES 1: 140.40 High Jul 26
*PRICE: 139.45 @ Close Jul 29
*SUP 1: 139.22 Low Jul 25
*SUP 2: 139.04 Low Jul 24
*SUP 3: 138.35 Low Jul 22
*SUP 4: 137.37 Low Jul 12
U9 BTPS traded to a fresh contract high last Thursday marking a resumption of
the uptrend. However, price activity on this day was marked by a wide daily
range with the market closing down on the day. This is a potential warning sign
that some uncertainty regarding the trend has developed and that the trend is
potentially mature. A key support has been defined at 139.22, the low of Jul 25.
If breached a correction would be seen likely towards 138.35 initially.

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