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Free Access(H18) Bulls Need Close Above...>
SHORT-STERLING TECHS: (H18) Bulls Need Close Above 99.450
*RES 4: 99.520 High Sept 14
*RES 3: 99.479 200-DMA
*RES 2: 99.478 55-WMA
*RES 1: 99.450 Low Sept 13 now resistance
*PREVIOUS CLOSE: 99.450
*SUP 1: 99.435 Low Jan 12
*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: The 99.450 resistance level has held firm. Bulls continue to look
for a close above 99.450 to shift focus to 99.478-520 where the 55-WMA and
200-DMA are noted. Dips below the 21-DMA (99.942) lacked follow through with
bears needing a close below 99.435 to gain breathing room. A close below the
55-DMA (99.409) is now needed to hint at a move back to 99.300-310.
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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.