TECHS: (U9) Uptrend intact *RES 4: 144.79......>

BTPS: TECHS: (U9) Uptrend intact

*RES 4: 144.79 1.500 projection of the May 31-Jun 20 rally from the Jun 25 low

*RES 3: 144.00 Round number resistance

*RES 2: 143.85 1.382 projection of the May 31-Jun 20 rally from the Jun 25 low

*RES 1: 143.65 Contract high Aug 26

*PRICE: 142.54 @ Close Aug 26

*SUP 1: 141.80 Low Aug 21

*SUP 2: 140.38 Low Aug 19 and key support

*SUP 3: 139.83 Low Aug 15

*SUP 4: 139.05 Trendline support drawn off the May 31 low

U9 BTPS is bullish with the print again of a new contract high confirmed

yesterday. Although the current phase of the uptrend lacks an impulsive

character, the potential for gains remains in place with scope for a climb

towards the Fibonacci projection of 143.85. Key support lies at the 140.38, the

Aug 19 low with initial support at 141.80. A break of 140.38 would signal waning

upside momentum and one could then consider the prospect of a correction.