TECHS: (U9) Contract high once again *RES 4:...>

BTPS: TECHS: (U9) Contract high once again

*RES 4: 144.79 1.500 projection of the May 31-Jun 20 rally from the Jun 25 low

*RES 3: 144.00 Round number resistance

*RES 2: 143.85 1.382 projection of the May 31-Jun 20 rally from the Jun 25 low

*RES 1: 143.03 Contract high Aug 23

*PRICE: 142.64 @ Close Aug 23

*SUP 1: 141.80 Low Aug 21

*SUP 2: 140.38 Low Aug 19 and key support

*SUP 3: 139.83 Low Aug 15

*SUP 4: 139.05 Trendline support drawn off the May 31 low

U9 BTPS is bullish with the print of a new contract high confirmed Friday.

Although the current phase of the uptrend lacks an impulsive character, the

potential for further upside remains in place. Potential is for a climb towards

the Fibonacci projection of 143.85. On the downside, key support has been

defined at the 140.38, the Aug 19 low. A break would signal waning upside

momentum and one could then consider the prospect of a correction near-term.