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

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.