TECHS: (Z9) Focus Is On 146.61 Bull Trigger....>

BTPS: TECHS: (Z9) Focus Is On 146.61 Bull Trigger

*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: 146.11 High Sep 25

*PRICE: 145.67 @ Close Sep 27

*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 traded sideways last week. The underlying bull trend remains intact and

the focus is on 146.61, Sep 12 contract high. A break would confirm a resumption

of the uptrend and open 147.00. Whether the latest rally can be maintained

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 cleared. For now, the uptrend holds.