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Bulls Hold On *RES 4: $18.746 - High...>

SILVER TECHS
SILVER TECHS: Bulls Hold On
*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: $18.101 @ 07:22 BST Oct 28
*SUP 1: $17.433 - Low Oct 22
*SUP 2: $17.168 - Low Oct 16
*SUP 3: $17.159 - Former channel resistance drawn off Sep 5 high
*SUP 4: $16.891 - Low Oct 1 and bear trigger
Silver rallied Friday, clearing resistance at $17.958, Oct 9 high. Despite
failing to hold onto the day high however, the near-term outlook is bullish.
Last week also saw Silver move above the bear channel resistance drawn off the
Sep 5 high. The break was only confirmed Friday following the breach of $17.958.
The focus is on $18.746, Sep 24 high next. On the downside, support has been
defined at $17.433, Oct 22 low.

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