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Free Access(H18) Looking A Little Heavy...>
SHORT-STERLING TECHS: (H18) Looking A Little Heavy
*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: 99.320
*SUP 1: 99.310 Low Nov 1
*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
(99.300) to shift focus to 99.110-230. Very narrowed Bollinger bands
(98.313-99.365) remain suggestive of a breakout. Bulls need a close above 99.370
to see pressure back on 99.400-410 and above 99.410 to shift focus to
99.435-450.
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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.