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(H18) Bulls Need Close Above...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) Bulls Need Close Above 99.370
*RES 4: 99.410 High Sept 15
*RES 3: 99.400 High Oct 20
*RES 2: 99.370 Hourly resistance Oct 23
*RES 1: 99.350 Lows Oct 23 & 24 now resistance
*PREVIOUS CLOSE: 99.350
*SUP 1: 99.320 Hourly resistance Oct 17 now support
*SUP 2: 99.300 2017 Low Oct 17
*SUP 3: 99.230 High June 21 2016 now support
*SUP 4: 99.110 Monthly Low June 23 2016
*COMMENTARY: The contract struggled last week with focus returning to the
99.300-320 support region. Bears continue to look for a close below 2017 lows to
shift focus to 99.110-230. Very narrowed Bollinger bands (98.315-99.365) remain
suggestive of a breakout. Bulls need a close above 99.370 to see pressure back
on 99.390-410 and above 99.410 to shift focus to 99.435-450.

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