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TECHS: (U9) Contract high *RES 4: 144.79.......>

BTPS
BTPS: TECHS: (U9) Contract high
*RES 4: 144.79 1.500 projection of the May 31-Jun 20 rally from the Jun 25 low
*RES 3: 144.00 Round number resistance
*RES 2: 143.85 1.382 projection of the May 31-Jun 20 rally from the Jun 25 low
*RES 1: 143.02 Contract high Aug 22
*PRICE: 142.39 @ Close Aug 21
*SUP 1: 140.38 Low Aug 19 and key support
*SUP 2: 139.83 Low Aug 15
*SUP 3: 139.11 Low Aug 14
*SUP 4: 138.85 Trendline support drawn off the May 31 low
U9 BTPS bucked the trend in EGB yesterday. Instead of selling off, a fresh
143.02 contract high was registered. This confirms a resumption of the uptrend
and if the rally can be sustained, potential is for a climb towards the Fibo
projection of 143.85. Key S/T support has been defined at the 140.38, the Aug 19
low. A break would signal waning upside momentum; one could then consider the
prospect of a correction near-term, towards trendline support at 138.85.

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