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TECHS: (U9) Holding Within 1-Month Channel.....>

BTPS
BTPS: TECHS: (U9) Holding Within 1-Month Channel Range
*RES 4: 142.80 Channel top from July 7
*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: 141.48/71 Gap base from Aug 7 close; Contract high, Jul 25
*PRICE: 140.01 @ Close Aug 8
*SUP 1: 139.43 Channel base projected from July 3 top
*SUP 2: 138.66 Low Jul 30
*SUP 3: 138.35 Low Jul 22
*SUP 4: 137.47 Low Jul 15
U9 BTPS holding within 1-month channel range, where parameters come in at
139.43/142.80. However, downside risks persist given the continued
bear-divergence signals on daily studies. From here, crucial support is seen at
139.43 - the channel base projected from July 3 top and a break below here sees
bears target a measured move 136.17.

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