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TECHS: (U9) Bearish risk dominates *RES 4:.....>

BTPS
BTPS: TECHS: (U9) Bearish risk dominates
*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: 137.98 @ Close Aug 12
*SUP 1: 136.91 Low Aug 9
*SUP 2: 136.54 50-day EMA
*SUP 3: 135.51 Low Jul 2
*SUP 4: 135.13 High Jun 20
U9 BTPS is still vulnerable following the sharp sell-off on Friday. That said,
there is a strong area of support at the 50-day EMA which intersects at 136.54.
Also, the contract has thus far failed to follow through on the break Friday of
former support at 137.03, the Jul 10 low, raising some hope for bulls. A clear
breach of the recent low of 136.91 though, and an erosion of the 50-day EMA
would set the scene for a deeper retracement. Resistance is at 138.93.

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