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(M18) Looking Offered *RES.....>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) Looking Offered
*RES 4: 99.233 100-DMA
*RES 3: 99.220 Repeated daily highs Feb
*RES 2: 99.210 High Apr 20
*RES 1: 99.185 Low Apr 23 now resistance
*PREVIOUS CLOSE: 99.170
*SUP 1: 99.160 Low Apr 24
*SUP 2: 99.145 High Apr 18 now support
*SUP 3: 99.118 21-DMA
*SUP 4: 99.095 Low Apr 13
*COMMENTARY: With the move previously identified as being a little overdone the
contract is now offered having dipped below the 55-DMA (99.167) as daily studies
correct from O/B. Bears need a close below 99.145 to increase confidence and
below the 21-DMA to return focus to 99.075-095 where 2018 lows are situated.
Bulls now look for a close above 99.185 to gain breathing room and above the
100-DMA to shift focus to the key 99.270 resistance.

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