Free Trial

$17.168-542 Resistance Region Key......>

SILVER TECHS
SILVER TECHS: $17.168-542 Resistance Region Key
*RES 4: $17.542 - Low Sept 15 now resistance 
*RES 3: $17.464 - High Oct 16 
*RES 2: $17.380 - High Nov 17
*RES 1: $17.168 - High Nov 22
*PRICE: $17.142 @ 0400GMT
*SUP 1: $17.045 - Hourly support Nov 24
*SUP 2: $16.838 - Low Nov 20
*SUP 3: $16.778 - Low Nov 3
*SUP 4: $16.712 - Bollinger band base
*COMMENTARY: Bulls have so far failed to capitalise on the recent close above
the 200-DMA ($17.112) but continues to hesitate ahead of the week's high so far.
Bulls need a close above $17.168 to shift focus back to layers of resistance
$17.380-542 and above $17.542 to target $17.989-18.212 where Sept highs are
located. Bears now need a close below $16.778 to hint at a correction lower with
below $16.583 targeting $16.125-327.

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.