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TECHS: (Z0) Resumes Its Uptrend

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: 151.00 Round number resistance
  • RES 1: 150.89 High Nov 5
  • PRICE: 150.54 @ Close Nov 5
  • SUP 1: 149.37 20-day EMA
  • SUP 2: 148.97 Low Nov 2
  • SUP 3: 148.68 Low Oct 29
  • SUP 4: 148.37 Low Oct 22 and key near-term support

BTPS outlook remains bullish. Futures traded higher yesterday clearing former resistance at 150.46, Oct 16 high. The break of this hurdle confirms a resumption of the underlying uptrend and opens 151.17 next, a Fibonacci projection. Moving average studies maintain a clear bullish structure, reinforcing current trend conditions. Initial firm support is seen at 148.68, Oct 29 low.

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