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Bearish Focus Intact *RES 4: $17.712...>

SILVER TECHS
SILVER TECHS: Bearish Focus Intact
*RES 4: $17.712 - Channel top drawn off Sep 24 high
*RES 3: $17.671 - High Nov 7
*RES 2: $17.326 - High Dec 4 and key resistance
*RES 1: $17.124 - High Dec 12
*PRICE: $16.888 @ 07:38 GMT Dec 13
*SUP 1: $16.530 - Low Dec 9
*SUP 2: $16.340 - 61.8% retracement of May 28 - Sep 4 rally
*SUP 3: $15.956 - Bear channel base drawn off the Sep 24 high
*SUP 4: $15.924 - Low Aug 1
Silver traded higher yesterday but did stall at the day high. The outlook
remains bearish following the Dec 6 sell-off that confirmed a resumption of the
downtrend. The move lower has defined a key resistance at $17.326, Dec 4 high
where a break is required to alter the picture. Further weakness is favoured
towards $16.340, 61.8% of the rally between May 28 and Sep 4. The bear channel
base drawn off the Sep 24 high is at $15.956. Initial resistance is at $17.124.

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