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$16.804-17.030 Resistance Region Key...>

SILVER TECHS
SILVER TECHS: $16.804-17.030 Resistance Region Key
*RES 4: $16.804 - High Mar 27
*RES 3: $16.748 - 200-DMA
*RES 2: $16.617 - 100-DMA
*RES 1: $16.606 - 55-DMA
*PRICE: $16.444 @ 0430GMT
*SUP 1: $16.310 - Low Apr 9
*SUP 2: $16.177 - Low Apr 5
*SUP 3: $16.100 - 2018 Low Mar 20
*SUP 4: $16.007 - Low Dec 18
*COMMENTARY: Bears take comfort in repeated failures to gain topside traction
over the past weeks with offers ensuring the $16.804-17.030 resistance region
remains key. Bulls need a close above $16.804 to confirm breaks of DMAs and gain
breathing room and above $17.030 to shift initial focus to tests of 2018 highs
($17.696). Bears need a close below $16.100 2018 lows to reconfirm the bearish
bias and target the daily bear channel base around $15.331 today.

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