(U18) 99.260 Resistance Key....>

SHORT-STERLING TECHS: (U18) 99.260 Resistance Key Today

*RES 4: 99.424 Weekly Bear channel top off Sept high

*RES 3: 99.350 100-WMA

*RES 2: 99.300 High May 25-30

*RES 1: 99.260 Lows May 25 & 30 now resistance

*PREVIOUS CLOSE: 99.230

*SUP 1: 99.210 Lows May 16-18

*SUP 2: 99.194 200-DMA

*SUP 3: 99.140 Lows May 30 - Apr 3

*SUP 4: 99.131 100-DMA, 21-WMA

*COMMENTARY: The lack of topside follow through on last week's highs has

resulted in the contract correcting lower. The marginal close below the 21-DMA

(92.232) adds weight to the bearish case for a move initially targeting

99.125-140 where 55 & 100-DMAs and the 21-WMA are noted. Bears now look for a

close below the 200-DMA. Initial resistance is noted at 99.260 with bulls

needing a close above to gain breathing room.