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Bears Need Close Below 200-DMA *RES....>

SILVER TECHS
SILVER TECHS: Bears Need Close Below 200-DMA
*RES 4: $17.542 - Low Sept 15 now resistance
*RES 3: $17.464 - Monthly High Oct 16
*RES 2: $17.373 - Monthly High Nov 17
*RES 1: $17.285 - High Jan 5
*PRICE: $17.090 @ 0340GMT
*SUP 1: $16.911 - 200-DMA
*SUP 2: $16.678 - 55-DMA
*SUP 3: $16.599 - Low Dec 28
*SUP 4: $16.507 - 21-DMA
*COMMENTARY: Bulls took comfort in silver gaining traction above 100 & 200-DMAs
but topside follow though has been lacking which is less than ideal. In saying
that, bears need a close below the 200-DMA to ease bullish pressure and below
$16.599 to confirm a break of the 55-DMA, ending bullish hopes and shifting
immediate focus to tests of the 21-DMA. While the 200-DMA supports bulls focus
on $17.542 with a close above targeting $18.208.

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