(U18) Bulls Need Close Above...>

SHORT-STERLING TECHS: (U18) Bulls Need Close Above 200-DMA

*RES 4: 99.207 55-DMA

*RES 3: 99.186 Daily Bear channel top off May 30 high

*RES 2: 99.167 200-DMA

*RES 1: 99.150 Lows July 5 & 23 now resistance

*PREVIOUS CLOSE: 99.135

*SUP 1: 99.130 Low July 24

*SUP 2: 99.090 High Apr 26 now support

*SUP 3: 99.060 Low Apr 24

*SUP 4: 99.030 Low Apr 18

*COMMENTARY: The break of 99.140 has lacked follow through although bears take

comfort as the contract gains traction below the 100-DMA. Focus has now shifted

to 99.060-090. Initial resistance is now noted at 99.150. Bulls now need a close

above this level to gain breathing room and above the 200-DMA to shift focus

back to the 55-DMA. Daily studies are well placed for a fresh leg lower before

O/S is an issue.