TECHS: (U9) Broader uptrend resumes *RES 4:....>

BTPS: TECHS: (U9) Broader uptrend resumes

*RES 4: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low

*RES 3: 141.12 1.382 projection of the May 15-May 27 rally from the Jul 10 low

*RES 2: 141.00 Round number resistance

*RES 1: 140.63 Contract high, Jul 25

*PRICE: 140.23 @ Close Jul 24

*SUP 1: 139.04 Low Jul 25

*SUP 2: 138.35 Low Jul 22

*SUP 3: 137.37 Low Jul 12

*SUP 4: 137.12/03 Low Jul 3 / Low Jul 10

U9 BTPS traded to a fresh contract high yesterday. This marks a resumption of

the uptrend and also negates recent bearish candle formations that had warned of

a potential top in the trend. Furthermore, the move higher has also seen prices

move back into the bull channel drawn off the May 31 low, also offsetting a

bearish threat that developed earlier this week when trendline support was

breached. With bulls back in charge, the focus is on 141.00 and 141.12.