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Breaks Out of The Channel *RES 4:......>

SILVER TECHS
SILVER TECHS: Breaks Out of The Channel
*RES 4: $14.914 - 200-dma
*RES 3: $14.865 - 50-dma
*RES 2: $14.860 - High May 14
*RES 1: $14.687 - High May 31
*PRICE: $14.597 @ 06:45 GMT Jun 3
*SUP 1: $14.483 - Low May 31
*SUP 2: $14.294 - Low May 28
*SUP 2: $14.168 - Channel base
*SUP 4: $14.054 - Low Nov 30
Silver breached trendline resistance off the Mar high with the rally extending
through $14.685. This brings the May 14 high into view at $14.860, a break opens
the 50 & 200-dma's at $14.865/14.914. Bears need to clear Friday's low at
$14.483 to stabilise the outlook and move back into the channel. The May 28 low
is placed behind at $14.294, ahead of channel base support at $14.168.

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