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Bearish Below 21-DMA *RES 4: $16.000...>

SILVER TECHS
SILVER TECHS: Bearish Below 21-DMA
*RES 4: $16.000 - Resistance 
*RES 3: $15.875 - High Jan 4 
*RES 2: $15.610 - Trendline resistance from Jan 4 high 
*RES 1: $15.490/514 - Low Jan 3/21-dma
*PRICE: $15.326 @ 06:17 GMT Jan 24 
*SUP 1: $15.184 - Low Jan 22
*SUP 2: $15.001 - High Aug 28 
*SUP 3: $14.672 - 100-dma 
*SUP 4: $14.494 - Low Dec 14 
Silver remains below its 21-dma and Jan 23 low which keeps the focus on the
downside. Tuesday's low at $15.184 is the immediate downside focus, below which
opens the Aug 28 high at $15.001. Below here would shift the bigger picture
outlook negative and target a run at the Dec lows. Bulls need to recover the
$15.500 area to regain the upper hand and target the $15.610 level which holds
down trendline resistance from the Jan 4 highs. 

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