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Bulls Need Close Above 200-DMA *RES....>

SILVER TECHS
SILVER TECHS: Bulls Need Close Above 200-DMA
*RES 4: $17.101 - 200-DMA
*RES 3: $17.042 - 100-DMA 
*RES 2: $16.902 - High June 29
*RES 1: $16.804 - Daily Bear channel top
*PRICE: $16.680 @ 0430GMT
*SUP 1: $16.595 - Hourly resistance July 28 now support
*SUP 2: $16.480 - Low July 28
*SUP 3: $16.265 - Low July 25
*SUP 4: $16.161 - 21-DMA
*COMMENTARY: Silver is currently hesitating around the daily bear channel top
which is less than ideal given daily studies looking to correct from O/B and
waning momentum. Bulls now need a close above the 200-DMA to confirm a bullish
bias and initially target $17.750 June highs. The $16.480 support is key this
week with bears needing a close below to ease bullish pressure and shift focus
back to $16.050-265 where the 21-DMA is located.

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