Free Trial

(H18) Above 99.450 Targets.....>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) Above 99.450 Targets 200-DMA
*RES 4: 99.520 High Sept 14
*RES 3: 99.484 200-DMA
*RES 2: 99.476 55-WMA
*RES 1: 99.450 Low Sept 13 now resistance
*PREVIOUS CLOSE: 99.440
*SUP 1: 99.430 Highs Dec 12 & 13
*SUP 2: 99.410 Repeated Daily highs now support
*SUP 3: 99.390 Lows Dec 5 & 8
*SUP 4: 99.370 Low Nov 3, 28 & 29
*COMMENTARY: Pressure has shifted to the 99.450 resistance with bulls taking
comfort in the close above the 100-DMA. Bulls continue to look for a close above
99.450 to shift focus to 99.476-520 where the 55-WMA and 200-DMA are noted.
Support layers are building with bears now needing a close below 99.410 to ease
bullish pressure and below 99.371 to hint at a move back to 99.300-310 with
below 99.350 confirming.

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.