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TECHS: (U9) Fails To Sustain 8-Day Highs.......>

BTPS
BTPS: TECHS: (U9) Fails To Sustain 8-Day Highs
*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: 140.67 High Aug 5
*PRICE: 140.19 @ Close Aug 6
*SUP 1: 139.12 21-DMA
*SUP 2: 138.66 Low Jul 30
*SUP 3: 138.35 Low Jul 22
*SUP 4: 137.37 Low Jul 12
U9 BTPS traded an inside session yesterday having hit 8-day highs the previous
session but still managed to close down on the day. This price behaviour was
similarly seen on July 25 when contract high 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. Support is at the 21-DMA at 139.12.

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