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TECHS: (U9) Key support for the week lies at...>

BTPS
BTPS: TECHS: (U9) Key support for the week lies at 132.88
*RES 4: 136.00 Round number resistance
*RES 3: 135.45 1.00 Fibonacci swing proj of May 31-Jun 7 rally off Jun 12 low
*RES 2: 135.13 U9 contract high
*RES 1: 134.44 High Jun 24
*PRICE: 134.40 @ Close June 28
*SUP 1: 132.88 Low Jun 25 and key support
*SUP 2: 132.10 Low Jun 18
*SUP 3: 131.45 Low Jun 14
*SUP 4: 130.50 Low Jun 12
U9 BTPS remains in an uptrend. Attention is still on the candle pattern from Jun
20, a bearish engulfing line. Momentum indicators are in overbought territory &
this could also develop into a more significant threat to bulls. Furthermore,
key trendline support was breached last week around the at 133.50 level. The Jun
26 low of 132.88 is key support, a break would expose 132.10. On the upside,
gains above 134.44 would remove some bearish concerns.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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