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TECHS: (Z0) ResumeS Uptrend

BTPS
  • RES 4: 147.36 1.382 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 3: 147.06 1.236 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 2: 146.62 High Jul 24
  • RES 1: 146.59 High Sep 16
  • PRICE: 146.37 @ 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 yesterday to confirm a resumption of the uptrend following a break of resistance at 146.21, Aug 19 high. The break higher exposes 146.62 next, a high print on Jul 24 and 147.06, a Fibonacci projection. On the downside, initial support is seen at 145.56, yesterday's low ahead of a firmer support that has been defined 144.46, Sep 8 low.

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