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

BTPS
BTPS: TECHS: (U9) Uptrend remains intact
*RES 4: 141.00 Round number resistance
*RES 3: 140.40 2.00 Fibonacci projection of May 31-Jun 7 rally from Jun 12 low
*RES 2: 140.00 Round number resistance
*RES 1: 139.85 U9 contract high Jul 3
*PRICE: 138.67 @ Close Jul 4
*SUP 1: 138.40 Low Jul 4 and area yesterday of former channel top
*SUP 2: 137.12 Low Jul 3
*SUP 3: 135.22 Trendline support drawn off the May 31 low
*SUP 4: 135.13 Jun 20 high and former bull trigger
U9 BTPS experienced a sharp impulsive acceleration of the uptrend on Wednesday,
breaking above the bull channel top at 138.25. The channel is drawn off the May
31 low. While some consolidation is possible near-term, bullish trend conditions
remain firmly in place and any pullback would be viewed as a correction. This
weeks rally has exposed 140.00 and 140.40. The latter is a 2.00 Fibonacci
projection. 137.12 is support.

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