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(H18) 99.350 & 99.410 Levels...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) 99.350 & 99.410 Levels Remain Key
*RES 4: 99.445 100-DMA
*RES 3: 99.424 High Sept 15
*RES 2: 99.410 High Sept 15 & Nov 22-27
*RES 1: 99.390 Alternating daily support/resistance
*PREVIOUS CLOSE: 99.380
*SUP 1: 99.370 Low Nov 3, 28 & 29
*SUP 2: 99.358 55-DMA
*SUP 3: 99.350 Alternating daily support/resistance
*SUP 4: 99.310 Low Nov 1
*COMMENTARY: Hesitation at the 99.410 level so far in Nov has resulted in a
correction back to the 99.350-370 region where the 55-DMA is located. Bears look
for a close below 99.370 to confirm a break of the 21-DMA (99.387) easing
bullish pressure, and below 99.350 to shift focus back to 99.300-310 where 2017
lows are noted. Bulls continue to look for a close above 99.410 to add support
to their case for a test of 100 (99.445) & 200 (99.490) DMAs.

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