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Broad Sideways Trading Persists *RES...>

SILVER TECHS
SILVER TECHS: Broad Sideways Trading Persists
*RES 4: $17.464 - High Oct 16 
*RES 3: $17.380 - High Nov 17
*RES 2: $17.222 - Hourly resistance Nov 20
*RES 1: $16.996 - Hourly support Nov 28 now resistance
*PRICE: $16.890 @ 0430GMT
*SUP 1: $16.768 - Bollinger band base
*SUP 2: $16.730 - Low Nov 28
*SUP 3: $16.636 - Low Oct 31
*SUP 4: $16.583 - Low Oct 27
*COMMENTARY: Sideways trading in a broad $16.583-17.464 range has defined since
mid Oct as silver continues to oscillate around key DMAs. Bulls need a close
above $17.222 to pressure $17.464 and above $17.542 to target $17.989-18.212
where Sept highs are located. Bears need a close below $16.583 to shift focus to
$16.125-327 where monthly lows are noted.

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