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Free AccessTECHS: (U9): Bulls still on the attack *RES....>
BTPS: TECHS: (U9): Bulls still on the attack
*RES 4: 137.92 1.500 Fibo swing projection of May 31-Jun 7 rally off Jun 12 low
*RES 3: 137.34 1.382 Fibo swing projection of May 31-Jun 7 rally off Jun 12 low
*RES 2: 137.00 Round number resistance
*RES 1: 136.88 U9 contract high Jul 2
*PRICE: 136.51 @ Close Jul 2
*SUP 1: 135.15 Jun 20 high and former bull trigger
*SUP 2: 134.58 Trendline support drawn off the May 31 low
*SUP 3: 134.16 Low Jul 1
*SUP 4: 133.42 Low Jun 27
U9 BTPS uptrend extends with a solid bullish session dominating on Tuesday. This
follows Monday's break of the former contract high of 135.13. Despite momentum
being overbought, price activity continues to move higher. The fact that
overbought conditions are not impacting the trend in a negative way reinforces
the current bullish market sentiment. Look for an extension higher beyond 137.00
towards 137.34. The former 135.13 breakout level is support.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.