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(Z17) Below 99.620 Targets.....>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (Z17) Below 99.620 Targets Key DMAs
*RES 4: 99.690 2017 Highs June 12 & 13
*RES 3: 99.670 High Sept 5 & 6
*RES 2: 99.660 Repeated daily highs Sept
*RES 1: 99.640 Repeated Daily Lows Aug-Sept now resistance
*PREVIOUS CLOSE: 99.630
*SUP 1: 99.620 Low Aug 8 & 9
*SUP 2: 99.603 100-DMA
*SUP 3: 99.593 55-DMA
*SUP 4: 99.558 200-DMA
*COMMENTARY: Losses continue for the contract with bears now looking for a close
below the 100-DMA to confirm initial focus on 55 & 100-DMAs. Daily studies are
well placed for losses with narrowed Bollinger bands suggestive of a break out.
Initial resistance is now noted at 99.640 with bulls needing a close above to
ease renewed bearish pressure. A close above 99.670 is needed to reconfirm a
bullish bias targeting 2017 highs.

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