TECHS: (U9) Bull trend intact *RES 4: 141.12...>

BTPS: TECHS: (U9) Bull trend intact

*RES 4: 141.12 1.382 projection of the May 15-May 27 rally from the Jul 10 low

*RES 3: 140.00 Round number resistance

*RES 2: 139.85 U9 contract high Jul 3

*RES 1: 139.33 High Jul 16

*PRICE: 138.99 @ Close Jul 16

*SUP 1: 138.50 Low Jul 16

*SUP 2: 137.79 Trendline support drawn off the May 31 low

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

*SUP 4: 136.88 High Jul 2 and gap low

U9 BTPS is firmer off 137.03 support and holds above its trendline. The recent

key technical pattern is the candle that developed on Jul 3, a standard line and

continuation pattern. The retracement off the high of Jul 3 has on a closing

basis, occurred within the body of this candle. This reinforces the likelihood

the pullback to 137.03 was a correction within an uptrend. The focus is now on

the key bull trigger at 139.85. Trendline support lies at 137.79.