ICE EUA FUTURES TECHS: (26) Trend Needle Points North

* RES 4: $95.00 - Round number resistance * RES 3: 93.80 - High Jan 15 and a key M/T resistance * RES 2: 90.82 - High Jan 22 * RES 1: 88.53 - High Sep 14 * PRICE: 85.93 @ 13:44 Sep 23 * SUP 1: 84.07 - Low Sep 16 * SUP 2: 83.39/76.92 - 50-day EMA / Low Jul 17 * SUP 3: 75.60 - Low Jun 10 * SUP 4: 72.43 - Low Apr 30 Trend conditions in ICE EUA futures are bullish and the recent shallow pullback appears corrective. The rally on Sep 14 resulted in a breach of key short-term resistance at 86.91, the Jul 22 high, confirming a resumption of the bull cycle that started Mar 19. This maintains the price sequence of higher highs and higher lows. Sights are on 93.80, the Jan 15 high and key medium-term resistance. Initial firm support is 83.39, the 50-day EMA.