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SHORT-STERLING TECHS: (M18) Bears Target Weekly Channel Base
*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: 99.130
*SUP 1: 99.110 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: Having remained capped at 99.200 on the recovery from 2018 lows has
taken its toll with a sell-off that sees immediate focus back on layers of
support 99.012-110 where the LT bear channel base and 2018 lows are situated.
Initial resistance is noted at 99.150 but bulls now need a close above 99.170 to
ease bearish pressure and shift immediate focus back to 99.200.