Free Trial

$15.880-16.361 Resistance Region Now...>

SILVER TECHS
SILVER TECHS: $15.880-16.361 Resistance Region Now Key
*RES 4: $16.589 - High Nov 30
*RES 3: $16.361 - High Dec 5
*RES 2: $16.220 - Low Dec 1 now resistance
*RES 1: $15.880 - Low Dec 6 now resistance
*PRICE: $15.768 @ 0410GMT
*SUP 1: $15.604 - Low July 14
*SUP 2: $15.567 - Daily Bear channel base
*SUP 3: $15.172 - Low July 10
*SUP 4: $14.860 - 2017 Low July 7
*COMMENTARY: Sideways trading came to an end with a sell-off and bearish close
Wednesday. Fresh losses see bears focused on $15.567-604 where the daily bear
channel base is noted. O/S daily studies and Bollinger base ($15.760) remain key
concerns for bears. Bulls now look for a close above $15.880 to ease immediate
bearish pressure and above $16.361 to shift focus back to $16.589-730 where the
21-DMA ($16.689) is located.

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.