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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: $17.463 - High Oct 16 
*RES 1: $17.362 - Hourly support Oct 16 now resistance
*PRICE: $17.180 @ 0330GMT
*SUP 1: $17.164 - 200-DMA
*SUP 2: $17.113 - 55-DMA
*SUP 3: $16.934 - 21-DMA
*SUP 4: $16.864 - 100-DMA
*COMMENTARY: Pressure has again returned to key DMAs with bears needing 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. Topside hesitation is a concern with daily
studies looking to correct from modestly O/B levels. Bulls now look for a close
above $17.621 to confirm focus on the $17.961-18.212 region where Sept highs are
noted.

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