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(U9) Trendline support holding *RES 4:.........>

BTPS
BTPS: (U9) Trendline support holding
*RES 4: 142.43 Bull channel top drawn off the May 31 low
*RES 3: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low
*RES 2: 141.12 1.382 projection of the May 15-May 27 rally from the Jul 10 low
*RES 1: 140.24 High Jul 18
*PRICE: 139.06 @ Close Jul 19
*SUP 1: 138.75/50 Trendline support drawn off the May 31 low / Low Jul 16
*SUP 2: 137.12/03 Low Jul 3 / Low Jul 10
*SUP 3: 136.88 High Jul 2 and gap low
*SUP 4: 136.00 Round number support
U9 BTPS uptrend remains intact with trendline support holding. A fresh contract
high was printed on Thursday that confirmed a resumption of the uptrend. This
paves the way for strength towards 141.00 and 141.12. Momentum conditions are
overought. However this is not yet having a negative bearing on the trend and is
a factor that instead reinforces the underlying strength of this up-trend.
Trendline support drawn off the May 31 low intersects at 138.75 today.

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