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  • RES 4: 156.73 1.236 proj of May 19 - Jun 14 - Jun 25 price swing
  • RES 3: 155.44 1.00 proj of May 19 - Jun 14 - Jun 25 price swing
  • RES 2: 155.00 Round number resistance
  • RES 1: 154.96 High Aug 02
  • PRICE: 154.84 @ 16:12 BST Aug 02
  • SUP 1: 153.16/152.65 20-day EMA / Low Jul 14
  • SUP 2: 152.59 Bull channel base drawn off the May 19 low
  • SUP 3: 151.93/54 Low Jul 8 / Low Jul 6
  • SUP 4: 151.19 High Jul 1

BTPs remain bullish and are trading at recent highs. A positive outlook follows the recent resumption of the uptrend that started May 19 - gains on Jul 6 and 7 resulted in a breach of a former key resistance at 152.47, Jun 14 high and established a bullish price sequence of higher highs and higher lows. Subsequent gains reinforce the positive theme and attention is on the 155.00 handle next. Initial support is at 153.16, the 20-day EMA.