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Bears eye $17.400 *RES 4: $18.803 -....>

SILVER TECHS
SILVER TECHS: Bears eye $17.400
*RES 4: $18.803 - High Sep 6
*RES 3: $18.792 - 61.8% retracement of Sep 4 - Sep 13 decline
*RES 2: $18.746 - High Sep 24
*RES 1: $18.054 - High Sep 26
*PRICE: $17.559 @ 08:55 BST Sep 27
*SUP 1: $17.432 - Intraday low
*SUP 2: $17.400 - Low Sep 13 and bear trigger
*SUP 3: $16.970 - 50% retracement of the May 28 - Sep 4 rally
*SUP 4: $16.853 - Lo Aug 19
Silver is lower this morning extending the sell-off that occurred Wednesday. At
the close of Wednesday, prices confirmed a candle pattern known as an evening
star reversal. The implications are that the recent recovery was a correction
and that the correction is over. If correct, Silver is vulnerable with $17.400,
Sep 13 low exposed. Today's move so far reinforces this outlook. On the upside,
$18.746, is key resistance. An initial resistance is at $18.054.

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