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TECHS: (U9) Fresh contract high *RES 4:........>

BTPS
BTPS: TECHS: (U9) Fresh contract high
*RES 4: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low
*RES 3: 141.12 1.382 projection of the May 15-May 27 rally from the Jul 10 low
*RES 2: 140.00 Round number resistance
*RES 1: 140.24 High Jul 18
*PRICE: 139.53 @ Close Jul 18
*SUP 1: 139.06 Low Jul 18
*SUP 2: 138.50/42 Low Jul 16 / Trendline support drawn off the May 31 low
*SUP 3: 137.12/03 Low Jul 3 and Low Jul 10
*SUP 4: 136.88 High Jul 2 and gap low
U9 BTPS is firmer having recently bounced off 137.03 with trendline support
intact too. A fresh contract high was printed yesterday to confirm a resumption
of the uptrend. This paves the way for strength towards 141.00 and 141.12.
Momentum conditions are overought. However this is not having a negative bearing
on the trend and is a factor that instead reinforces the underlying strength of
this up-trend. Trendline support drawn off the May 31 low comes at 138.42 today.

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