Free Trial

Above $17.030 To Target 2018 High......>

SILVER TECHS
SILVER TECHS: Above $17.030 To Target 2018 High
*RES 4: $17.396 - High Jan 31
*RES 3: $17.030 - Low Jan 31 now resistance
*RES 2: $16.862 - High Mar 6
*RES 1: $16.789 - 100-DMA
*PRICE: $16.710 @ 0400GMT
*SUP 1: $16.661 - Hourly support Mar 23
*SUP 2: $16.478 - Hourly support Mar 23
*SUP 3: $16.309 - Hourly resistance Mar 21 now support
*SUP 4: $16.100 - 2018 Low Mar 20
*COMMENTARY: Bulls take comfort as silver flirts with key DMAs. Bulls now look
for a close above $16.862 to confirm breaks of DMAs with a close above $17.030
remaining needed to end bearish hopes and shift focus to tests of 2018 highs.
Layers of support accumulating adds to bullish confidence. Bears now look for a
close below $16.478 to gain breathing room and below $16.309 to shift immediate
focus back to 2018 lows.

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.