Free Trial

$15 Area Remains Key *RES 4: $15.640...>

SILVER TECHS
SILVER TECHS: $15 Area Remains Key
*RES 4: $15.640 - High Mar 21 
*RES 3: $15.343/212 - High Apr 9
*RES 2: $15.110 - High Apr 26 
*RES 1: $14.980/953 - High May 3/200-dma 
*PRICE: $14.950 @ 06:14 GMT May 8 
*SUP 1: $14.804 - Low May 7 
*SUP 2: $14.555 - Low May 3 
*SUP 3: $14.444 - 76.4% retracement of Nov-Feb rally 
*SUP 4: $14.054 - Low Nov 30 
The $15 area continues to gain importance as bulls look for a close above the
May 3 high and 200-dma at$14.980/953 to test the $15 handle. Above here would
shift the outlook bullish opening the April 26 high at $15.110 ahead of the
April 9 high at $15.343. Bears focus shifts to yesterday's low at $14.804 ahead
of Friday's low at $14.555. Below here opens the 76.4% retracement of the
Nov-Feb rally at $14.444.

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.