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(U18) 55 & 100-DMAs Key *RES...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) 55 & 100-DMAs Key
*RES 4: 99.230 Lows June 18 & 19 now resistance
*RES 3: 99.220 High June 28
*RES 2: 99.208 55-DMA
*RES 1: 99.186 21-DMA
*PREVIOUS CLOSE: 99.165
*SUP 1: 99.150 Low July 5
*SUP 2: 99.140 Lows May 30 - Apr 3
*SUP 3: 99.138 100-DMA , Bollinger band base
*SUP 4: 99.138 Daily bear channel base
*COMMENTARY: The contract has remained 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 need a close above the 55-DMA to
confirm a break of the bear channel top and gain breathing room and above 99.230
to shift immediate focus back to 99.260.

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