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(U18) Focus Now On 100-DMA.....>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) Focus Now On 100-DMA
*RES 4: 99.230 Lows June 18 & 19 now resistance
*RES 3: 99.208 21-DMA
*RES 2: 99.196 55-DMA
*RES 1: 99.185 Low June 27
*PREVIOUS CLOSE: 99.160
*SUP 1: 99.144 Daily Bear channel base
*SUP 2: 99.140 Lows May 30 - Apr 3
*SUP 3: 99.134 100-DMA
*SUP 4: 99.060 Low Apr 24
*COMMENTARY: Pressure on the 200-DMA took its toll with a break lower seeing
bears now focused on the 100-DMA. Bears 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 21-DMA to ease bearish
pressure and above 99.230 to shift focus back to 99.260.

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