Free Trial

(H18) 99.350 & 99.410 Levels...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) 99.350 & 99.410 Levels Remain Key
*RES 4: 99.450 Low Sept 13 now resistance
*RES 3: 99.444 100-DMA
*RES 2: 99.424 High Sept 15
*RES 1: 99.410 High Sept 15 & Nov 22-27
*PREVIOUS CLOSE: 99.390
*SUP 1: 99.370 Low Nov 3, 28 & 29
*SUP 2: 99.359 55-DMA
*SUP 3: 99.350 Alternating daily support/resistance
*SUP 4: 99.310 Low Nov 1
*COMMENTARY: Hesitation at the 99.410 level 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 ease bullish pressure and below 99.350 confirm a break of the 55-DMA
and 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
(99.444) & 200 (99.489) DMAs.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.