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TECHS: (U9) Uptrend within bull channel........>

BTPS
BTPS: TECHS: (U9) Uptrend within bull channel intact
*RES 4: 148.30 Primary bull channel top drawn off the May 31 low
*RES 3: 148.18 Secondary bull channel resistance drawn of the Aug 9 low
*RES 2: 148.00 Round number resistance147.99
*RES 1: 147.15 Contract high Aug 29
*PRICE: 145.31 @ Close Aug 30
*SUP 1: 144.90 Low Aug 30
*SUP 2: 144.39 Secondary bull channel base drawn of the Aug 9 low
*SUP 3: 144.08 Low Aug 28
*SUP 4: 142.91 Low Aug 27
U9 BTPS uptrend remains intact despite the pullback Thursday and Friday. Last
weeks impulsive rally sets the scene for a climb towards the top of the primary
bull channel drawn off the May 31 low at 148.30. This level also represents the
next key resistance parameter. On the downside, trendline support within broader
channel lies at support lies at 144.39. This is drawn off the Aug 9 low. The
trigger for a resumption of gains is at 147.15.

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