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(U9) Uptrend intact within the bull channel....>

BTPS
BTPS: (U9) Uptrend intact within the bull channel
*RES 4: 148.58 Secondary bull channel resistance drawn of the Aug 9 low
*RES 3: 148.40 Primary bull channel top drawn off the May 31 low
*RES 2: 148.00 Round number resistance147.99
*RES 1: 147.15 Contract high Aug 29
*PRICE: 145.71 @ Close Sep 2
*SUP 1: 144.90 Low Aug 30
*SUP 2: 144.79 Secondary bull channel base drawn of the Aug 9 low
*SUP 3: 144.08 Low Aug 28
*SUP 4: 142.91 Low Aug 27
U9 BTPS uptrend remains intact despite the pullback Thursday and Friday. Last
weeks impulsive rally sets the scene for a climb towards the top of the primary
bull channel drawn off the May 31 low at 148.40. This level also represents the
next key resistance parameter. On the downside, trendline support within broader
channel lies at 144.79. This is drawn off the Aug 9 low. The trigger for a
resumption of gains is at 147.15.

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