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Free Access(M18) Bulls Need Close Above...>
SHORT-STERLING TECHS: (M18) Bulls Need Close Above 99.220
*RES 4: 99.279 55-DMA
*RES 3: 99.270 Lows Feb 2 & 5 now resistance
*RES 2: 99.220 Repeated daily highs Feb
*RES 1: 99.210 21-DMA
*PREVIOUS CLOSE: 99.180
*SUP 1: 99.150 High Feb 26 now support
*SUP 2: 99.124 Bollinger band base
*SUP 3: 99.110 2018 Low Feb 26
*SUP 4: 99.080 High Mar 30 2012 now support
*COMMENTARY: The lack of follow through on 2018 lows and recovery is now pausing
ahead of the 21-DMA. Bulls now look for a close above 99.220 to confirm a break
of the 21-DMA and shift initial focus back to 99.270-279 where 55 & 100-DMAs are
situated. The 99.150 support is now key this week. Bears need a close below
99.150 to reconfirm initial focus on 99.080-110.
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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.