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TECHS: (Z0) Key Resistance Is At 146.21

BTPS
  • RES 4: 147.00 Round number resistance
  • RES 3: 146.62 High Jul 24
  • RES 2: 146.21 High Aug 19 and a bull trigger
  • RES 1: 146.19 High Sep 4
  • PRICE: 149.09 @ Close Sep 15
  • SUP 1: 144.96 Low Sep 9
  • SUP 2: 144.46 Low Sep 8
  • SUP 3: 144.09 Low Sep 1 and the bear trigger
  • SUP 4: 144.07 1.00 proj of Aug 19 - Sep sell-off from Sep 3 high

BTP futures maintain a firmer posture but remain below the Aug 19 high of 146.21. A break would confirm a resumption of the uptrend and open 146.62, a high print on Jul 24. Key support has been defined at 144.09, Sep 1 low. This level represents a key support and is seen as the near term bear trigger. A break would instead signal a S/T reversal and highlight potential for a deeper correction. In short, 146.21 and 144.09 are the directional triggers.

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