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(U18) Bulls Need Close Above...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) Bulls Need Close Above 99.200
*RES 4: 99.230 Lows June 18 & 19 now resistance
*RES 3: 99.210 Low June 14 now resistance
*RES 2: 99.200 Lows June 6 - 8 now resistance
*RES 1: 99.190 High June 22 & 25
*PREVIOUS CLOSE: 99.185
*SUP 1: 99.174 200-DMA
*SUP 2: 99.172 55-DMA
*SUP 3: 99.140 Lows May 30 - Apr 3
*SUP 4: 99.132 100-DMA
*COMMENTARY: The failure at 99.260 last week confirmed the significance of this
level and resulted in a break lower and immediate pressure on the 55-DMA. Below
the 55-DMA confirms focus on the 100-DMA. Bears need a close below the 100-DMA
to target 98.990-99.060 where 2018 lows are situated. Bulls now need a close
above 99.200 to gain breathing room and above 99.260 to shift initial focus to
98.300 2018 highs.
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