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Above $16.361 To Ease Bearish..........>

SILVER TECHS
SILVER TECHS: Above $16.361 To Ease Bearish Pressure
*RES 4: $16.730 - Low Nov 28 now resistance
*RES 3: $16.589 - High Nov 30
*RES 2: $16.361 - High Dec 5
*RES 1: $16.220 - Low Dec 1 now resistance
*PRICE: $15.956 @ 0430GMT
*SUP 1: $15.880 - Low Dec 6
*SUP 2: $15.604 - Low July 14
*SUP 3: $15.584 - Daily Bear channel base
*SUP 4: $15.172 - Low July 10
*COMMENTARY: Sideways trading came to an end with a sell-off and bearish close
Wednesday. Fresh losses see bears focused on $15.584-604 where the daily bear
channel base is noted. O/S daily studies and Bollinger base ($15.973) remain key
concerns for bears. Layers of resistance accumulating are weighing with bulls
still needing a close above $16.361 to ease bearish pressure and above $16.589
to shift focus back to the $16.730-17.197 region where key DMAs are located.

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