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21-DMA Resistance Key Today *RES 4:....>

SILVER TECHS
SILVER TECHS: 21-DMA Resistance Key Today
*RES 4: $17.030 - Low Jan 31 now resistance
*RES 3: $16.816 - 200-DMA
*RES 2: $16.771 - High Feb 21
*RES 1: $16.559 - 21-DMA
*PRICE: $16.429 @ 0430GMT
*SUP 1: $16.400 - Hourly support Mar 2
*SUP 2: $16.150 - 2018 Low Mar 1
*SUP 3: $16.007 - Low Dec 18
*SUP 4: $15.612 - Monthly Low Dec 13
*COMMENTARY: The aggressive bounce from fresh 2018 & 3 month lows is less than
ideal for bears although layers of resistance are noted $16.548-17.030 where key
DMAs are situated. Bulls now need a close above the 21-DMA to ease bearish
pressure and above $17.030 to confirm an end to bearish hopes and a return in
focus to $17.394-696 where 2018 highs are noted. Bears now need a close below
$16.150 to target Dec lows.

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