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(H18) Immediate Focus on.......>

SHORT-STERLING TECHS
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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