Free Trial

(H18) 99.410 Resistance........>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) 99.410 Resistance Remains Key
*RES 4: 99.450 Low Sept 13 now resistance
*RES 3: 99.447 100-DMA
*RES 2: 99.424 High Sept 15
*RES 1: 99.410 High Sept 15 & Nov 22 & 23
*PREVIOUS CLOSE: 99.400
*SUP 1: 99.380 Repeated daily lows Nov
*SUP 2: 99.368 55-DMA
*SUP 3: 99.350 Alternating daily support/resistance
*SUP 4: 99.310 Low Nov 1
*COMMENTARY: Bulls take comfort in the contract trading above 21 (99.377) & 55
(99.368) DMAs and tests of 99.410. Bulls look for a close above 99.410 to add
support to their case for a test of 100 (99.447) & 200 (99.492) DMAs. Bears now
look for a close below the 55-DMA to ease bullish pressure and below 99.350 to
shift focus back to 99.300-310 where 2017 lows are noted.

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.