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(M18) 2018 Lows Lacking........>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) 2018 Lows Lacking Follow Through
*RES 4: 99.220 Repeated daily highs Feb
*RES 3: 99.200 Repeated daily highs Mar
*RES 2: 99.170 High Mar 21
*RES 1: 99.150 Alternating daily support/resistance
*PREVIOUS CLOSE: 99.140
*SUP 1: 99.100 2018 Low Feb 26
*SUP 2: 99.080 High Mar 30 2012 now support
*SUP 3: 99.040 Monthly Low May 31 2016
*SUP 4: 99.012 Weekly Bear channel base
*COMMENTARY: The sell-off from failures at the 99.200 level resulted in fresh
2018 & 10mth lows Thursday but the lack of follow through and bonce from ahead
of 99.012-080 is a concern for bears. In saying that, bulls now look for a close
above 99.150 to ease bearish pressure and above 99.170 to shift focus back to
99.200-220. Above this region initially targets 55 & 100-DMAs 99.242-270.

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