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Free Access(H18) Immediate Focus on.......>
SHORT-STERLING TECHS: (H18) Immediate Focus on 99.180-270
*RES 4: 99.401 21-DMA
*RES 3: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance
*RES 2: 99.350 High Feb 23
*RES 1: 99.330 Low Feb 22 now resistance
*PREVIOUS CLOSE: 99.310
*SUP 1: 99.290 2018 Low Feb 26
*SUP 2: 99.270 2014 Low Sept 18 2014
*SUP 3: 99.210 Monthly Lows June/July 2012
*SUP 4: 99.180 Monthly High Aug 2011 now support
*COMMENTARY: Fresh 2018 & 3+yr lows were seen Monday but the lack of follow
through is less than ideal when combined with O/S daily studies and the
Bollinger band base at 99.324. Bears currently focus on the 99.180-270 region
last seen between Aug 2011 & Sept 2014. Initial resistance remains at 99.330
with bulls needing a close above to gain breathing room. A close above 99.350 is
needed to target a correction back to 99.375-415.
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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.