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(H18) 99.405-450 Resistance....>

SHORT-STERLING TECHS: (H18) 99.405-450 Resistance Region Key
*RES 4: 99.427 55-DMA
*RES 3: 99.415 Highs Feb 9 & 12
*RES 2: 99.405 Lows Feb 9 & 12 now resistance
*RES 1: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance
*SUP 1: 99.370 Low Nov 3, 28 & 29
*SUP 2: 99.350 Alternating daily support/resistance
*SUP 3: 99.310 Monthly Low Nov 1
*SUP 4: 99.300 2017 Low Oct 17
*COMMENTARY: 99.435 recently provided the cap for a move that now sees overall
bearish focus on 99.300-310 where 2017 lows are situated. Daily studies have
room to move before O/S is an issue. Layers of resistance are in place with
bulls needing a close above 99.405 to ease bearish pressure and above 99.450 to
end bearish hopes and initially target the 200-DMA (99.464).

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