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October 31, 2017 03:50 GMT
Bulls Need Close Above 21-DMA *RES.....>
SILVER TECHS
SILVER TECHS: Bulls Need Close Above 21-DMA
*RES 4: $17.305 - Hourly support Oct 17 now resistance
*RES 3: $17.161 - 200-DMA
*RES 2: $17.075 - Hourly resistance Oct 24
*RES 1: $16.937 - High Oct 30
*PRICE: $16.836 @ 0350GMT
*SUP 1: $16.683 - Low Oct 30
*SUP 2: $16.583 - Low Oct 27
*SUP 3: $16.518 - Bollinger band base
*SUP 4: $16.328 - Low Oct 6
*COMMENTARY: The lack of follow through on Friday's low is less than ideal for
bears who are currently focused on tests of $16.125-328 where Oct lows so far
are found. Bears need a close below $16.125 to shift focus back to 2017 lows
($14.86). Bulls now look for a close above the 21-DMA to ease immediate bearish
pressure and above $17.305 to hint at a move back to $18.208 Sept highs.
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