Free Trial

Below 21-DMA To Ease Bullish...........>

SILVER TECHS
SILVER TECHS: Below 21-DMA To Ease Bullish Pressure
*RES 4: $17.961 - High Sept 13 
*RES 3: $17.621 - High Sept 18, Bollinger band top 
*RES 2: $17.395 - High Sept 20 
*RES 1: $17.245 - High Sept 26
*PRICE: $17.183 @ 0330GMT
*SUP 1: $17.056 - Low Oct 11
*SUP 2: $16.974 - 21-DMA
*SUP 3: $16.837 - Hourly resistance Oct 9 now support
*SUP 4: $16.703 - Hourly support Oct 6
*COMMENTARY: The failures ahead of $17.245 are less than ideal for bulls who
need a close above this level to confirm breaks of 55 ($17.085) & 200 ($17.155)
DMAs and shift focus back to $18.208 Sept highs. Bears continue to look for a
close below the 21-DMA to ease pressure on $17.245 and below $16.703 to return
focus to $15.966-16.331.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.