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Bears Need Close Below Channel Base....>

SILVER TECHS
SILVER TECHS: Bears Need Close Below Channel Base
*RES 4: $18.226 - Bollinger band top 
*RES 3: $18.212 - High Sept 8 
*RES 2: $18.066 - Hourly resistance Sept 8 
*RES 1: $17.915 - High Sept 11
*PRICE: $17.742 @ 0340GMT
*SUP 1: $17.698 - Low Sept 11
*SUP 2: $17.662 - High Aug 29 now support
*SUP 3: $17.602 - Daily Bull channel base
*SUP 4: $17.440 - Hourly resistance Aug 31 now support
*COMMENTARY: Daily studies correcting from O/B and the Bollinger top remain
concerns for bulls and combined with Friday's sell-off and Monday's gapping move
lower increase the risk of a correction. Bears now need a close below the
channel base to confirm an easing of bullish pressure and shift immediate focus
to $17.078-382 where 21 & 200-DMAs are situated. Bulls now look for a close
above $17.915 to gain breathing room.

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