(H18) 99.400 Proving Tough.....>

SHORT-STERLING TECHS: (H18) 99.400 Proving Tough To Break

*RES 4: 99.500 61.8% Fibo of 99.620-99.300

*RES 3: 99.460 Sep 12 low, 50% Fibo of 99.620-99.300

*RES 2: 99.420 38.2% Fibo of 99.620-99.300

*RES 1: 99.400 Nov 3, Nov 6, Nov 9, Nov 10 highs

*PREVIOUS CLOSE: 99.390                                  

*SUP 1: 99.360 Hourly support

*SUP 2: 99.350 Alternating daily support/resistance

*SUP 3: 99.330 Hourly basing area Oct

*SUP 4: 99.320 Oct 25-26 lows

*COMMENTARY* Has continued the correction of the 99.620-99.300 fall seen

throughout September this year. Got a little stuck around the 99.400 area this

month and while this continues there is scope to see a a pullback. In this

respect, 99.360-99.350 provides initial support. Only below the latter will

concern at present and allow a further 99.330-99.320 fall. Directly above 99.400

and next targets are between 99.420-99.460.