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Approaching Channel Resistance *RES....>

SILVER TECHS
SILVER TECHS: Approaching Channel Resistance
*RES 4: $18.093 - High Nov 5
*RES 3: $18.000 - Round number resistance
*RES 2: $17.605 - Channel top drawn off Sep 24 high
*RES 1: $17.409 - Intraday high
*PRICE: $17.394 @ 08:35 GMT Dec 23
*SUP 1: $17.173 - Intraday low
*SUP 2: $16.887 - Low Dec 18 and key support
*SUP 3: $16.773 - Low Dec 12
*SUP 4: $16.530 - Low Dec 9 and bear trigger
Silver is firmer today and is extending the current recovery that started off
the Dec 9 low. The focus is on channel resistance drawn off the Sep 24 high that
intersects at $17.605. A break of the channel top would represent an important
technical breach and potentially signal a stronger reversal. This would open
$18.000 and above towards $18.334, Oct 25 high. On the downside, firm trend
support lies at $16.887, Dec 18 low.

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