TECHS:(Z9) Bullish trend outlook intact *RES...>

BTPS: TECHS:(Z9) Bullish trend outlook intact

*RES 4: 147.46 0.618 projection of Aug 19 - Sep 4 rally from Sep 11 low

*RES 3: 147.00 Round number resistance

*RES 2: 146.61 Contract high Sep 12 and bull trigger

*RES 1: 145.77 High Sep 24

*PRICE: 145.69 @ Close Sep 24

*SUP 1: 144.21 Low Sep 13

*SUP 2: 143.07 Low Sep 11 and key support

*SUP 3: 142.30 Low Aug 28

*SUP 4: 141.14 Low Aug 27

Z9 BTPS are firmer this week but continue to essentially trade sideways. The

underlying bull trend is intact though and the focus is on the bull trigger at

146.61, Sep 12 high. Whether the latest rally can be maintained still depends on

support at 143.07, Sep 11 low. If breached, this will signal the start of a

correction. Bearish divergence between price and momentum exists, its relevance

will increase if 143.07 is breached. For now, the uptrend remains intact.