Free Trial

(U18) Stair-Stepping Lower.....>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) Stair-Stepping Lower
*RES 4: 99.203 55-DMA 
*RES 3: 99.180 Daily Bear channel top off May 30 high 
*RES 2: 99.166 200-DMA 
*RES 1: 99.150 Lows July 5 & 23 now resistance 
*PREVIOUS CLOSE: 99.135 
*SUP 1: 99.130 Lows July 24, 26, 27 
*SUP 2: 99.090 High Apr 26 now support 
*SUP 3: 99.060 Low Apr 24 
*SUP 4: 99.030 Low Apr 18 
The bear channel remains intact as the 99.130 lows seen on July 24, 26, and 27
increasingly at risk. Bulls need need to overcome 99.150 if they are to mount a
reversal attempt, but the bear channel remains intact below 99.180.

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.