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(M18) Focus On 98.930-990......>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) Focus On 98.930-990
*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: 99.100
*SUP 1: 99.060 Monthly Low June 23 2016
*SUP 2: 99.010 Weekly Bear channel base
*SUP 3: 98.990 Monthly Low May 31 2016
*SUP 4: 98.930 Monthly Low April 2016
*COMMENTARY: Continued fresh 2018 & nearly 2yr lows leave the contract looking a
little heavy and bears currently focused on 98.930 April 2016 monthly lows. The
99.150-170 resistance region remains key. Bulls need a close above this region
to ease bearish pressure and shift focus back to 99.200-225 where the 55-DMA is
noted. Above the 55-DMA (99.225) hints at a move back to 2018 highs with above
99.270 to confirm.

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