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Bullish Reversal *RES 4: $18.746 -.....>

SILVER TECHS
SILVER TECHS: Bullish Reversal
*RES 4: $18.746 - High Sep 24 and key resistance
*RES 3: $19.001 - 61.8% retracement of Sep 4 - Oct 1 decline
*RES 2: $18.272 - 50% retracement of Sep 4 - Oct 1 decline
*RES 1: $18.054 - High Sep 26
*PRICE: $17.999 @ 07:21 BST Oct 25
*SUP 1: $17.433 - Low Oct 22
*SUP 2: $17.239 - Former channel resistance drawn off Sep 5 high
*SUP 3: $17.168 - Low Oct 16
*SUP 4: $16.891 - Low Oct 1 and bear trigger
Silver is extending gains above the channel resistance drawn off the Sep 5 high,
breached earlier this week. Importantly today, resistance at $17.958, Oct 9 high
is currently under pressure. A clear break of this level would reinforce the
bullish significance of the channel breakout and also confirm a near-term
reversal. This would open $18.746, Sep 24 high. On the downside, support has
been defined at $17.433, Oct 22 low.

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