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TECHS: (U9) Focus is on the 140.00 handle......>

BTPS
BTPS: TECHS: (U9) Focus is on the 140.00 handle
*RES 4: 144.00 Round number resistance
*RES 3: 143.85 1.382 projection of the May 31-Jun 26 rally from the Jun 25 low
*RES 2: 143.00 Round number resistance
*RES 1: 142.55 Contract high Aug 15
*PRICE: 141.16 @ Close Aug 19
*SUP 1: 140.00/139.83 Round number support / Low Aug 15
*SUP 2: 139.11 Low Aug 14
*SUP 3: 138.27 Trendline support drawn off the May 31 low
*SUP 4: 137.17/136.91 50-day EMA / Low Aug 9
U9 BTPS has failed to hold above the former 141.60 and 141.71 resistance levels
despite registering a strong resumption of the bull trend last Thursday. Does
this signal a top and open potential for a correction? Key will be whether or
not price action is able to remain above the 140.00 handle. A breach would allow
for a correction towards trendline support at 138.27. Resistance is at 142.55,
clearance would instead confirm a resumption of the up-trend.

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