Free Trial

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

SHORT-STERLING TECHS
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
*PREVIOUS CLOSE: 99.380
*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).

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.