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Spreads Maintain Strong LNG to Europe


StL Fed Bullard From Zurich

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BTPS: TECHS (U9): Focus is on key resistance at 132.14
*RES 4: 134.62 76.4% retracement of 139.82-117.77
*RES 3: 133.11 2.00 Fibonacci swing projection of May 15 - May 27 rally from May
31 low
*RES 3: 132.88 High May 28, 2018
*RES 1: 132.14 U9 contract high June 7
*PRICE: 130.86 @ Close June 14
*SUP 1: 130.46 Low June 10
*SUP 2: 130.00 38.2% retracement of 126.55 - 132.14 rally sx
*SUP 3: 129.27 low Jun 6
*SUP 4: 128.73 50 day EMA
Strong resistance at 132.14 remains intact and this level continues to represent
the next bull trigger. Although the uptrend remains intact for now, momentum
conditions are in overbought territory. Bulls should be on the lookout for any
further inability to clear the upside which could ultimately lead to a
corrective pullback. The key support to watch lies at 130.50 the Jun 12 low.

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