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55-DMA Support Under Pressure *RES.....>

SILVER TECHS
SILVER TECHS: 55-DMA Support Under Pressure
*RES 4: $15.946 - 200-dma 
*RES 3: $15.554 - High Aug 3 
*RES 2: $15.001 - High Aug 28 
*RES 1: $14.912 - High Oct 2 
*PRICE: $14.596 @ 06:13 GMT 
*SUP 1: $14.587 - 55-dma 
*SUP 2: $14.243 - Low Oct 10 
*SUP 3: $13.942 - Low Sep 11 
*SUP 4: $13.648 - Low Dec 15 2015 
Downside momentum looks set to build on a successful break below the 55-dma,
which is just below current levels. This would give bears the advantage and open
the Oct 10 low at $14.243 to extend the broader downtrend. Bulls need to hold
the 55-dma to keep the Oct 2 high at $14.912 in focus. Above here would suggest
a bullish reversal pattern is taking shape. 

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