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$16.361 Resistance Remains Key *RES....>

SILVER TECHS
SILVER TECHS: $16.361 Resistance Remains Key
*RES 4: $16.589 - High Nov 30
*RES 3: $16.361 - High Dec 5
*RES 2: $16.260 - High Dec 20
*RES 1: $16.203 - 21-DMA
*PRICE: $16.144 @ 0430GMT
*SUP 1: $16.050 - Low Dec 19
*SUP 2: $15.931 - Hourly resistance Dec 15 now support
*SUP 3: $15.825 - Low Dec 14
*SUP 4: $15.604 - Low July 14
*COMMENTARY: Correcting O/S daily studies provided the impetus for a correction
with bulls needing a close above $16.361 to confirm an easing of bearish
pressure and a return in focus to $16.589-962 where key DMAs and the bear
channel top off Sept highs are situated. Bears continue to look for a close
below $15.931 to return focus to $15.401-604 where the bear channel base is
noted.

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