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(U1) Defying Gravity

BTP TECHS
  • 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: 154.22 Intraday high
  • PRICE: 154.08 @ Close Jul 23
  • SUP 1: 152.65 Low Jul 14
  • SUP 2: 151.93/54 Low Jul 8 / Low Jul 6
  • SUP 3: 151.19 High Jul 1
  • SUP 4: 150.56 Low Jun 30

BTPs are bullish and strengthened once again Friday. A positive outlook follows the recent resumption of the uptrend - gains on Jul 6 and 7 resulted in a breach of a former key resistance at 152.47, Jun 14 high. The break confirms a resumption of the uptrend that started May 19. Last week's fresh high prints reinforce a bullish theme. Attention is on the 155.00 handle next. Initial support is at 152.65, Jul 14 low.

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