Free Trial

(M18) 99.150 & 99.220 Levels...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) 99.150 & 99.220 Levels Key
*RES 4: 99.271 100-DMA
*RES 3: 99.258 55-DMA
*RES 2: 99.220 Repeated daily highs Feb
*RES 1: 99.200 Repeated daily highs Mar
*PREVIOUS CLOSE: 99.190
*SUP 1: 99.170 Repeated daily lows Mar
*SUP 2: 99.150 High Feb 26 now support
*SUP 3: 99.142 Bollinger band base
*SUP 4: 99.110 2018 Low Feb 26
*COMMENTARY: The recovery from recent 2018 lows is hesitating around the 21-DMA
(99.184). Bulls continue to look for a close above 99.220 to confirm a break of
the 21-DMA and shift initial focus back to 99.258-271 where 55 & 100-DMAs are
situated. The 99.150 support remains key. Bears need a close below 99.150 to
reconfirm initial focus on 99.080-110 where 2018 lows are situated.

To read the full story

Close

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.