Free Trial

Bulls Look For A Close Above $15.......>

SILVER TECHS
SILVER TECHS: Bulls Look For A Close Above $15
*RES 4: $15.825 - High Feb 28 
*RES 3: $15.640 - High Mar 21 
*RES 2: $15.343/332 - High Apr 9/55-dma 
*RES 1: $15.000 - Down trendline resistance 
*PRICE: $14.999 @ 06:10 GMT Apr 26 
*SUP 1: $14.754 - Low Apr 23 
*SUP 2: $14.620 - Channel support 
*SUP 3: $14.444 - 76.4% retracement of Nov-Feb rally 
*SUP 4: $13.897 - Low Nov 14 
Silver has stabilised following recent losses allowing bulls to target down
trendline resistance from the Feb highs. A close above $15 would shift the
outlook bullish opening the April 9 high/55-dma at $15.343/332 ahead of the
March 21 high at $15.640. Bears continue to target Tuesday's low at $14.745.
Below here opens channel support at $14.620 ahead of the 76.4% retracement of
the Nov-Feb rally at $14.44. 

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.