TECHS: (Z9) Trapped In A Tight Range *RES 4:...>

BTPS: TECHS: (Z9) Trapped In A Tight Range

*RES 4: 147.00 Round number resistance

*RES 3: 146.61 Contract high Sep 12 and bull trigger

*RES 2: 146.11 High Sep 25

*RES 1: 145.18 High Oct 10

*PRICE: 144.66 @ Close Oct 16

*SUP 1: 144.04 Low Oct 10

*SUP 2: 143.07 Low Sep 11 and key support

*SUP 3: 143.03 50-day EMA

*SUP 4: 142.30 Low Aug 28

Z9 BTPS is unchanged. The contract has so far failed to follow through on the

recent print below former support at 144.21, maintaining an overall

consolidative tone. To convincingly end the month long sideways move, a clear

break of 144.08 is required. This would also open the key support at 143.07, Sep

11 low where a break is required to confirm a broader top and a potential

bearish reversal. The key upside trigger is 146.61, Sep 12 high.