(M18) Bears Target Weekly......>

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.