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TECHS: (Z9) Trading sideways *RES 4: 147.46....>

BTPS
BTPS: TECHS: (Z9) Trading sideways
*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: 145.65 @ Close Sep 25
*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 continues to essentially trade sideways for now. The underlying bull
trend however remains intact 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 has developed, its relevance will
increase if 143.07 is cleared. For now, the uptrend remains intact.

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