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(H18) Initial Focus............>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) Initial Focus Confirmed On 99.300-310
*RES 4: 99.415 Highs Feb 9 & 12
*RES 3: 99.405 Lows Feb 9 & 12 now resistance, 21-DMA
*RES 2: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance
*RES 1: 99.360 Hourly support Feb 22 now resistance
*PREVIOUS CLOSE: 99.345
*SUP 1: 99.330 2018 Low Feb 22
*SUP 2: 99.310 Monthly Low Nov 1
*SUP 3: 99.300 2017 Low Oct 17
*SUP 4: 99.230 High June 21 2016 now support
*COMMENTARY: Bears take comfort as the sell-off Thursday confirms initial focus
on 99.300-310 with a close below this region then targeting 99.110-230 where
June 2016 monthly lows are noted. Layers of resistance remain with bulls now
needing a close above 99.360 to gain breathing room. A close above 99.390 is
then needed to shift focus back to 99.405435 where 21 & 55 (99.426) DMAs are
situated.

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