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Bears Back In Control, Focus On Dec....>

SILVER TECHS
SILVER TECHS: Bears Back In Control, Focus On Dec Low
*RES 4: $17.394 - High Feb 1
*RES 3: $17.030 - Low Jan 31 now resistance
*RES 2: $16.824 - 200-DMA
*RES 1: $16.723 - 55-DMA
*PRICE: $16.691 @ 0430GMT
*SUP 1: $16.540 - Low Feb 2, Hourly support Feb 5
*SUP 2: $16.260 - High Dec 20 now support
*SUP 3: $15.931 - Hourly resistance Dec 15 now support
*SUP 4: $15.825 - Low Dec 14
*COMMENTARY: Bears have gained the upper hand following a whippy couple of week
of trading with overall focus back on tests of $15.570 Dec lows. Daily studies
are well placed for a fresh leg lower. Layers of resistance have followed silver
lower with bulls now needing a close above the 200-DMA to ease bearish pressure
and above $17.030 to shift focus back to $17.394-695.

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