STA : Important short term support at 28.50, then 27.7-27.8 and again at 27

If STA manages to hold at or above 28.50 for a while longer we suspect it will rally above 30 and probably hit 32.50-33.00 again rather soon. A breach of 28.50 will place 27.7-27.8 as the next level to watch,  but for now we doubt it will go under 27 unless something very bad rattles the market….. like a US default.

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