TECHS: (U9) Key support at 137.03 holding......>

BTPS: TECHS: (U9) Key support at 137.03 holding

*RES 4: 140.00 Round number resistance

*RES 3: 139.85 U9 contract high Jul 3

*RES 2: 139.07 High Jul 5

*RES 1: 138.47 High Jul 11

*PRICE: 137.70 @ Close Jul 12

*SUP 1: 137.14/12/03 Trendline support off the May 31 low / Low Jul 3 and 10

*SUP 2: 136.88 High Jul 2 and gap low

*SUP 3: 136.00 Round number support

*SUP 4: 135.51 Low Jul 2

U9 BTPS holds above 137.03 support and above trendline support. The focus is on

the candle pattern that developed on Jul 3, a standard line and a continuation

pattern. The retracement since the high of Jul 3 has on a closing basis,

occurred within the body of this candle. This development reinforces the

likelihood the recent pullback is a correction. If we are to see a deeper

sell-off, a break of last Wednesday's low is required. Resistance is at 138.47.