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TECHS: (U9) Bearish reversal in place *RES.....>

BTPS
BTPS: TECHS: (U9) Bearish reversal in place
*RES 4: 141.00 High Aug 8
*RES 3: 139.47 Low Aug 8 and gap high
*RES 2: 138.93 High Aug 9
*RES 1: 138.35 Low Jul 22
*PRICE: 137.04 @ Close Aug 9
*SUP 1: 136.91 Low Aug 9
*SUP 2: 136.47 50-day EMA
*SUP 3: 135.51 High Jul 2
*SUP 4: 135.13 High Jun 20
U9 BTPS downside risk dominates. A sharp sell-off on Friday has left the
contract vulnerable to further weakness. Support at 137.03, the Jul 10 low has
been breached and momentum studies are now in a clear bearish condition. The
50-day EMA lies at 136.47, this area represents a strong support. A clear break
however would open 135.13, the Jun 20 high. On the upside, resistance is at
138.03, Friday's high. Look for further weakness near-term.

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