TECHS: (U9) Still in a corrective mode *RES....>

BTPS: TECHS: (U9) Still in a corrective mode

*RES 4: 140.40 2.00 Fibonacci projection of May 31-Jun 7 rally from Jun 12 low

*RES 3: 140.00 Round number resistance

*RES 2: 139.85 U9 contract high Jul 3

*RES 1: 139.07 High Jul 5

*PRICE: 137.72 @ Close Jul 9

*SUP 1: 137.12/05 Low Jul 3 / Low Jul 8

*SUP 2: 136.88 High Jul 2

*SUP 3: 136.19 Trendline support drawn off the May 31 low

*SUP 4: 136.00 Round number support

U9 BTPS remains in a corrective mode. The candle pattern that developed on Jul 3

is a standard line and a continuation pattern. The retracement off the high of

Jul 3 has occurred within the body of this candle. This development reinforces

the likelihood that the recent pullback is a correction in line with the uptrend

that remains intact. A deeper sell-off would however expose trendline support at

136.19 which represents a key risk parameter for bulls.