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Free Access(Z17) Bulls Focused On.........>
SHORT-STERLING TECHS: (Z17) Bulls Focused On 99.690-721
*RES 4: 99.721 Daily Bull channel top
*RES 3: 99.690 2017 Highs June 12 & 13
*RES 2: 99.670 High Sept 5
*RES 1: 99.660 Bollinger band top
*PREVIOUS CLOSE: 99.660
*SUP 1: 99.642 21-DMA & Bull channel base
*SUP 2: 99.640 Low Sept 5
*SUP 3: 99.630 Repeated Daily Lows Aug
*SUP 4: 99.624 Bollinger band base
*COMMENTARY: The contract continues to find support on dips back towards the
daily bull channel base and 21-DMA with the bounce Tuesday resulting in fresh
2mth highs and adding support to the case for a test of 99.690-721 where 2017
highs are situated. Bears continue to look for a close below 99.630 to ease
bullish pressure and shift immediate focus to 99.588-610 where 55 & 100-DMAs are
located.
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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.