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TECHS: (Z0) Extends Gains

  • RES 4: 147.61 1.500 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 3: 147.36 1.382 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 2: 147.06 1.236 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 1: 146.77 High Sep 17
  • PRICE: 146.74 @ Close Sep 16
  • SUP 1: 145.56 Low Sep 15
  • SUP 2: 144.96 Low Sep 9
  • SUP 3: 144.46 Low Sep 8
  • SUP 4: 144.09 Low Sep 1 and the bear trigger

BTP futures maintain a firmer posture. The contract pushed higher again yesterday, extending this week's resumption of the underlying uptrend following a break of resistance at 146.21, Aug 19 high. The focus is on 147.06 next, a Fibonacci projection. On the downside, initial firm support is seen at 145.56, Sep 15 low. A break of this level would dent the current positive sentiment.

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