(M18) Bears Need Close Below...>

SHORT-STERLING TECHS: (M18) Bears Need Close Below 200-DMA

*RES 4: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance

*RES 3: 99.370 2018 High Jan 3

*RES 2: 99.367 Bollinger band top

*RES 1: 99.340 Repeated Daily Highs Jan

*PREVIOUS CLOSE: 99.333

*SUP 1: 99.305 Lows May 14 & 15

*SUP 2: 99.288 200-DMA

*SUP 3: 99.250 Low May 9

*SUP 4: 99.240 Repeated daily lows Apr/May

*COMMENTARY: Gains continue for the contract with immediate pressure on the

99.340-370 resistance region where 2018 highs are located. Bulls look for a

close above 99.370 to initially target the 100-WMA (99.417) and then the LT bear

channel top (99.467) off Sept 2016 highs. Support layers are building with bears

now needing a close below 99.305 to gain breathing room and below the 200-DMA to

hint at a correction back to 99.210-240 where the 100-DMA is situated.