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$16.902 Resistance Key Today *RES 4:...>

SILVER TECHS
SILVER TECHS: $16.902 Resistance Key Today
*RES 4: $17.139 - 200-DMA
*RES 3: $17.096 - 100-DMA 
*RES 2: $16.902 - High June 29
*RES 1: $16.814 - Daily Bear channel top
*PRICE: $16.726 @ 0430GMT
*SUP 1: $16.595 - Hourly support July 26
*SUP 2: $16.265 - Low July 25
*SUP 3: $16.198 - 21-DMA
*SUP 4: $16.150 - Low July 20
*COMMENTARY: Support continues to emerge on dips back to the 21-DMA with silver
currently flirting with the 55-DMA ($16.697). Bulls now look for a close above
$16.902 to confirm a break of the daily bear channel top and initially pressure
100 & 200-DMAs. Above the 200-DMA is needed to confirm focus on $17.508-749.
Bears need a close below $16.595 to gain breathing room and below $16.150 to
shift focus lower.

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