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Free Access(H18) 99.390-410 Support.......>
SHORT-STERLING TECHS: (H18) 99.390-410 Support Region Now Key
*RES 4: 99.485 200-DMA
*RES 3: 99.450 Low Sept 13 now resistance
*RES 2: 99.437 100-DMA
*RES 1: 99.430 Highs Dec 11 & 12
*PREVIOUS CLOSE: 99.420
*SUP 1: 99.410 Repeated Daily highs now support
*SUP 2: 99.390 Lows Dec 5 & 8
*SUP 3: 99.370 Low Nov 3, 28 & 29
*SUP 4: 99.366 55-DMA
*COMMENTARY: Sideways trading 99.370-410 came to an end Friday with a break
higher although hesitation ahead of the 100-DMA is less than ideal. In saying
that, bulls focus on 99.437-450 where the 100-DMA is situated. Support layers
are building with bears needing a close below 99.390 to confirm a break of the
21-DMA (99.397) and shift focus back to 99.350-370 where the 55-DMA is located.
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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.