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Bears Need Close Below 55-DMA *RES.....>

SILVER TECHS
SILVER TECHS: Bears Need Close Below 55-DMA
*RES 4: $17.961 - High Sept 13 
*RES 3: $17.621 - High Sept 18 
*RES 2: $17.482 - Bollinger band top
*RES 1: $17.417 - Hourly resistance Oct 16
*PRICE: $17.300 @ 0330GMT
*SUP 1: $17.163 - 200-DMA
*SUP 2: $17.107 - 55-DMA
*SUP 3: $16.941 - 21-DMA
*SUP 4: $16.867 - 100-DMA
*COMMENTARY: Bulls took comfort in the close above $17.245 that sees immediate
focus on $17.621 and overall focus on retests of Sept highs ($18.212 Sept 8),
Daily studies approaching O/B and the Bollinger top are becoming issues for
bulls. Bears continue to look for a close below the 55-DMA to ease bullish
pressure and below $16.703 to end bullish hopes and return focus to
$15.966-16.331.

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