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55-WMA Now Capping *RES 4: $17.394 -...>

SILVER TECHS
SILVER TECHS: 55-WMA Now Capping
*RES 4: $17.394 - Monthly High Feb 1
*RES 3: $17.320 - 100-WMA
*RES 2: $17.030 - Low Jan 31 now resistance 
*RES 1: $16.866 - 55-WMA
*PRICE: $16.640 @ 0430GMT
*SUP 1: $16.510 - Low Apr 11
*SUP 2: $16.395 - Low Apr 10
*SUP 3: $16.310 - Low Apr 9
*SUP 4: $16.177 - Low Apr 5
*COMMENTARY: The sequence of higher daily lows and highs continues but now sees
the 55-WMA capping. Bulls look for a close above $17.030 to confirm a break of
the 55-WMA and to shift overall focus back to 2018 highs although the 100-WMA
may slow the move. As support layers continue to build bears now need a close
below $16.510 to ease bullish pressure and below $16.100 2018 lows to target
$15.590 Dec lows.

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