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TECHS: (U9) Rising Channel Range Prevails......>

BTPS
BTPS: TECHS: (U9) Rising Channel Range Prevails
*RES 4: 134.62 76.4% retracement of 139.82-117.77
*RES 3: 132.88 High May 28 2018
*RES 2: 131.02 Projected channel top from May 15 low
*RES 1: 130.23/35 High June 4, 50% retracement of 146.94-117.77
*PRICE: 129.77 @ Close June 5
*SUP 1: 128.50 Low June 5
*SUP 2: 128.13/24 21-dma/55-dma
*SUP 3: 127.19 Low May 31
*SUP 4: 126.79 100-dma
Rising channel range prevails for now with projected channel top now eyed at
131.02. Focus is on resistance area at 130.23/35 - a decisive break above here
to put bulls in control. The daily studies continue to point higher with
slow-stochastics well below levels of historical reversal. Support is at 128.50
ahead of strong moving average area underpinning at 128.13/24.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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