TECHS: (U9) Key support holds *RES 4: 141.71...>

BTPS: TECHS: (U9) Key support holds

*RES 4: 141.71 High Aug 7 and key resistance

*RES 3: 141.00 High Aug 8

*RES 2: 139.47 Low Aug 8 and gap high

*RES 1: 139.34 High Aug 13

*PRICE: 139.26 @ Close Aug 13

*SUP 1: 137.36 Low Aug 12

*SUP 2: 136.91 Low Aug 9

*SUP 3: 136.64 50-day EMA

*SUP 4: 135.51 Low Jul 2

U9 BTPS rallied yesterday. This is encouraging for bulls given that the band of

support between 137.03 and 136.64 remains intact. The former is the Jul 10 low

and the latter the 50-day EMA. An extension higher would reinforce the idea that

the recent sell-off, a correction, is complete and the focus would switch to

resistance and key bull trigger at 141.71. A breach of the recent 136.91 low and

an erosion of the 50-day EMA is required to expose a deeper retracement.