TECHS: (U9) Corrective mode *RES 4: 140.40.....>

BTPS: TECHS: (U9) Corrective mode

*RES 4: 140.40 2.00 Fibonacci projection of May 31-Jun 7 rally from Jun 12 low

*RES 3: 140.00 Round number resistance

*RES 2: 139.85 U9 contract high Jul 3

*RES 1: 139.07 High Jul 5

*PRICE: 137.66 @ Close Jul 8

*SUP 1: 137.12/05 Low Jul 3 / Low Jul 8

*SUP 2: 136.88 High Jul 2

*SUP 3: 136.00 Round number support

*SUP 4: 135.89 Trendline support drawn off the May 31 low

U9 BTPS continued to correct lower yesterday. The candle pattern that developed

on Jul 3 is a standard line, a continuation pattern. The retracement since the

high of Jul 3 has occurred within the body of this candle. This development

reinforces the likelihood that the current pullback is a correction in line with

the uptrend that remains intact. A deeper pullback however would expose

trendline support at 135.89 which marks the key risk parameter for bulls.