TECHS: (U0) Bullish Conditions Intact *RES.....>

BTPS: TECHS: (U0) Bullish Conditions Intact

*RES 4: 146.03 High Mar 6 (cont)

*RES 3: 145.69 High Mar 27 (cont)

*RES 2: 144.83 1.764 projection of the Jun 4 rally from Jun 10 low

*RES 1: 144.66 High Jul 8 and the bull trigger

*PRICE: 143.96 @ Close Jul 13

*SUP 1: 143.32 20-day EMA

*SUP 2: 142.86 Low Jun 25 and key near-term support

*SUP 3: 141.84 High Jun 4 and former breakout level

*SUP 4: 141.61 50-day EMA

BTPS futures maintain a bullish tone despite the recent pullback. The positive

trend sequence of higher highs and higher lows that defines an uptrend remains

intact. Furthermore, moving average and momentum studies are still constructive

although we do note that the trend condition is overbought. Further gains

however are seen likely with the focus on 144.83 next, a Fibonacci projection.

The bull trigger is 144.66. Initial firm support is at 142.86, Jun 25 low.