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TECHS (U9): Bearish engulfing candle line......>

BTPS
BTPS: TECHS (U9): Bearish engulfing candle line
*RES 4: 136.00 Round number resistance
*RES 3: 135.84 Bull channel top drawn off the May 31 low
*RES 2: 135.45 1.00 Fibo swing projection of May 31-Jun 7 rally off Jun 12 low
*RES 1: 135.13 U9 contract high June 20
*PRICE: 133.80 @ Close June 20
*SUP 1: 132.67 Trendline support drawn off the May 31 low
*SUP 2: 132.14 High Jun 7
*SUP 3: 132.10 Low Jun 18
*SUP 4: 131.45 Low Jun 14
U9BTS printed a fresh contract high yesterday. However this was followed by
selling pressure resulting in a bearish engulfing Japanese candle line. With
momentum in overbought territory, this could develop into a more significant
bearish threat. Key trendline support intersects at 132.67 today and marks an
important level. For now however, while the trendline holds, the uptrend remains
in place.

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