Free Trial

(U18) Bulls Need Close Above...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) Bulls Need Close Above 99.260
*RES 4: 99.343 100-WMA
*RES 3: 99.300 High May 25-30
*RES 2: 99.292 Bollinger band top
*RES 1: 99.260 Lows May 25 & 30 now resistance
*PREVIOUS CLOSE: 99.250
*SUP 1: 99.230 Lows June 18 & 19
*SUP 2: 99.210 Low June 14
*SUP 3: 99.200 Lows June 6 - 8
*SUP 4: 99.180 200-DMA
*COMMENTARY: The close above the 21-DMA (99.244) sees bulls gain breathing room
with a close above 99.260 now needed to return focus to 2018 highs. The
Bollinger top is the key concern for bulls with potential to limit follow
through. Initial support is now noted at 99.230 with bears needing a close below
to gain breathing room and below 99.200 needed to initially pressure the
200-DMA.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.