(M18) 21-DMA Capping *RES 4:...>

SHORT-STERLING TECHS: (M18) 21-DMA Capping

*RES 4: 99.200 Repeated daily highs Mar

*RES 3: 99.170 High Mar 21

*RES 2: 99.150 Alternating daily support/resistance

*RES 1: 99.121 21-DMA

*PREVIOUS CLOSE: 99.100

*SUP 1: 99.095 Low Apr 13

*SUP 2: 99.075 2018 Low Apr 4

*SUP 3: 99.060 Monthly Low June 23 2016

*SUP 4: 99.003 Weekly Bear channel base

*COMMENTARY: The correction from 2018 lows is now struggling having remained

capped ahead of the 21-DMA and the 99.121-150 resistance region. Bulls look for

a close above 99.150 to shift focus back to 99.181-220 where the 55-DMA (99.181)

is noted. Bears need a close below 99.095 to gain breathing room and below

99.060 to reconfirm the bearish bias and maintain focus on 98.930 April 2016

monthly lows.