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TECHS: (U9) Bull trend stalls *RES 4: 142.00...>

BTPS
BTPS: TECHS: (U9) Bull trend stalls
*RES 4: 142.00 Round number resistance
*RES 3: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low
*RES 2: 141.60 Contract high, Jul 25
*RES 1: 140.40 High Jul 26
*PRICE: 139.34 @ Close Jul 30
*SUP 1: 138.66 Low Jul 30
*SUP 2: 138.35 Low Jul 22
*SUP 3: 137.37 Low Jul 12
*SUP 4: 137.03 Low Jul 10
U9 BTPS remains vulnerable despite the bounce off yesterday's low. The contact
traded to a fresh high last Thursday, however activity on this day was marked by
a wide range that saw the market close down on the day. This is a warning sign
that some uncertainty regarding the trend has developed and that the trend is
potentially mature. With 139.22, the low of Jul 25 breached, attention shifts to
138.35, the Jul 22 low. On the upside, key resistance is at 141.60.

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