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TECHS: (U9) Fails to hold the high *RES 4:.....>

BTPS
BTPS: TECHS: (U9) Fails to hold the high
*RES 4: 142.25 1.764 projection of the May 15-May 27 rally from the Jul 10 low
*RES 3: 142.00 Round number resistance
*RES 2: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low
*RES 1: 141.60 Contract high, Jul 25
*PRICE: 139.98 @ Close Jul 25
*SUP 1: 139.22 Low Jul 25
*SUP 2: 139.04 Low Jul 24
*SUP 3: 138.35 Low Jul 22
*SUP 4: 137.37 Low Jul 12
U9 BTPS traded to a fresh contract high once again yesterday marking a
resumption of the uptrend. However, yesterday's price activity unfolded over a
wide daily range. The market closed down on the day too. This is potentially a
warning sign that some uncertainty regarding the trend has developed and that
the trend is possibly mature. A key support has been defined at 139.22,
yesterday's low. If breached a correction would be seen likely towards 138.35.

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