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(M18) Focus Remains On.........>

SHORT-STERLING TECHS: (M18) Focus Remains On 98.930-990
*RES 4: 99.200 Repeated daily highs Mar
*RES 3: 99.170 High Mar 21
*RES 2: 99.150 Alternating daily support/resistance
*RES 1: 99.120 Low Mar 26 now resistance
*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: Repeated fresh 2018 & nearly 2yr lows leave the contract looking a
little heavy and bears currently focused on 98.930 April 2016 monthly lows.
Initial resistance is currently noted at 99.120 with bulls needing a close above
to gain breathing room. A close above 99.170 remains needed to shift focus back
to 99.200-220 where the 55-DMA (99.213) is noted.

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