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July 16, 2018 03:07 GMT
(U18) 55 & 100-DMAs Key *RES...>
SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) 55 & 100-DMAs Key
*RES 4: 99.220 High June 28
*RES 3: 99.211 Daily Bear channel top off May 30 high
*RES 2: 99.206 55-DMA
*RES 1: 99.193 21-DMA
*PREVIOUS CLOSE: 99.165
*SUP 1: 99.150 Low July 5
*SUP 2: 99.140 Lows May 30 - Apr 3
*SUP 3: 99.139 Bollinger band base
*SUP 4: 99.138 100-DMA
*COMMENTARY: The contract remains capped ahead of the 21 & 55-DMAs with
immediate focus on the 100-DMA. Bears continue to look for a close below the
100-DMA to shift initial focus back to 99.060 and overall focus back to
98.990-000 where 2018 lows are noted. Bulls now need a close above 21 & 55-DMAs
to gain breathing room and above 99.230 to confirm a break of the bear channel
top and shift immediate focus back to 99.260.
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