TECHS: (U9) Risk Skewed On Correction To.......>

BTPS: TECHS: (U9) Risk Skewed On Correction To 138.35

*RES 4: 142.00 Round number resistance

*RES 3: 141.82 1.618 projection of the May 15-May 27 rally from the Jul 10 low

*RES 2: 141.60 Contract high, Jul 25

*RES 1: 140.40 High Jul 26

*PRICE: 139.81 @ Close Jul 31

*SUP 1: 138.66 Low Jul 30

*SUP 2: 138.35 Low Jul 22

*SUP 3: 137.37 Low Jul 12

*SUP 4: 137.03 Low Jul 10

U9 BTPS contact traded to a fresh high last Thursday, however activity on this

day was marked by a wide range that saw the market close down on the day. This

is a warning sign that some uncertainty regarding the trend has developed and

that the trend is potentially mature. With 139.22, the low of Jul 25 breached,

attention shifts to 138.35, the Jul 22 low. On the upside, key resistance is at

141.60.