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(H18) Narrowed Bollis..........>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) Narrowed Bollis Suggesting Breakout
*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: 99.330
*SUP 1: 99.320 Hourly resistance Oct 17 now support
*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 recovery from 2017 and 16mth lows saw a pop higher last Friday
although follow through has been lacking. The close below the 21-DMA (99.338)
eased bullish pressure and sees focus back on 99.300 2017 lows. Bears look for a
close below 2017 lows to shift focus to 99.110-230. Very narrowed Bollinger
bands (98.312-99.364) remain suggestive of a breakout. Bulls now need a close
above 99.370 to see pressure back on 99.390-410.

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