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TECHS: (Z0) Clears The 150.00 Psychological Hurdle

BTPS
  • RES 4: 152.00 Round number resistance
  • RES 3: 151.17 0.764 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 2: 150.92 Bull channel top drawn off the Sep 8 low
  • RES 1: 150.18 High Oct 13
  • PRICE: 150.07 @ Close Oct 13
  • SUP 1: 149.23 Bull Channel support drawn off the Aug 9 low
  • SUP 2: 148.16 20-day EMA
  • SUP 3: 147.32 Low Sep 28 and key near-term support
  • SUP 4: 146.98 Low Sep 22

BTPS have continued to extend gains, touching a fresh all-time high print of 150.18 yesterday. The move once again confirms a resumption of the bull trend and maintains the positive price sequence of higher highs and higher lows. With futures in uncharted territory, Fibonacci projections highlight scope for a climb towards 151.17. The initial objective is 150.92, a bull channel top drawn off the Aug 9 low. Initial support lies at 149.23, the channel base.

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