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Free Access(U18) Potential Upside.........>
SHORT-STERLING TECHS: (U18) Potential Upside Breakout
*RES 4: 99.205 High July 18
*RES 3: 99.197 55-DMA
*RES 2: 99.180 Channel resistance from May 31 high
*RES 1: 99.165 200-DMA
*PREVIOUS CLOSE: 99.160
*SUP 1: 99.155 21-DMA
*SUP 2: 99.150 Lows July 5 & 23
*SUP 3: 99.125 Lows August 2
*SUP 4: 99.060 Low April 24
The entire downtrend from the May peak is looking increasingly corrective in
nature and a break above 99.165/180 would potentially trigger a resumption of
the broader uptrend from the March lows. Bears need a close back below the
21-DMA to keep bearish momentum intact and keep the August 2 lows at 99.125 in
play.
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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.