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TECHS (U9): Bulls trend resumes *RES 4:........>

BTPS
BTPS: TECHS (U9): Bulls trend resumes
*RES 4: 135.12 Bull channel top drawn off the May 31 low
*RES 3: 135.00 Round number resistance
*RES 2: 134.94 2.618 Fibonacci swing projection of May15-May 27 rally from May
31 low
*RES 1: 134.72 U9 contract high June 18
*PRICE: 134.21 @ Close June 18
*SUP 1: 132.14 High Jun 7
*SUP 2: 132.10 Low Jun 18
*SUP 3: 132.02 Trendline support drawn off the May 31 low
*SUP 4: 131.45 50 Low Jun 14
U9BTS Rallied higher yesterday leaving the bull trend clearly intact. Momentum
studies have moved into overbought territory. However while this suggests a
pause is possible near-term, further gains are expected overall. The recent
breakout level of 132.14 now marks initial support. Potential is seen for a
climb towards the Fibonacci swing projection of 134.94.

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