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  • RES 4: 155.71 High Aug 5 and the bull trigger (cont)
  • RES 3: 155.68 High Aug 25
  • RES 2: 155.14 High Aug 31
  • RES 1: 154.63 High Sep 14 and key near-term resistance
  • PRICE: 153.73 @ Close Sep 20
  • SUP 1: 153.36 Low Sep 17
  • SUP 2: 152.94/84 Low Sep 9 / 50.0% of Jun 25 - Aug 5 rally (cont)
  • SUP 3: 152.66 Low Jul 15 (cont)
  • SUP 4: 152.16 61.8% retracement of the Jun 25 - Aug 5 rally (cont)

BTP futures remain below recent highs. Trend conditions remain bearish and recent gains are considered corrective. A bearish price sequence of lower lows and lower highs that highlights a bearish theme remains intact. The focus is on 152.84 next, a Fibonacci retracement and below. On the upside, a resumption of gains would open resistance at 155.14, Aug 31 high. The bear trigger is unchanged at 152.94, Sep 7 low.