Free Trial

Bulls Need To Hold Above $16 *RES 4:...>

SILVER TECHS
SILVER TECHS: Bulls Need To Hold Above $16
*RES 4: $18.218 - High Sep 8, 2017 
*RES 3: $17.704 - High Jan 25, 2018 
*RES 2: $17.320 - High Jun 14 
*RES 1: $16.216 - High Feb 20
*PRICE: $16.000 @ 06:03 GMT Feb 21 
*SUP 1: $15.492 - Low Feb 14 
*SUP 2: $15.218 - 200-dma 
*SUP 3: $15.184 - Low Jan 22 
*SUP 4: $15.001 - High Aug 28 
Silver hit fresh ytd highs of $16.216 yesterday, breaking above down trendline
resistance from the 2016 highs. Bulls need to close above the $16 level today to
keep the focus on the upside and at yesterday's high. Above here would open the
June 14 high at $17.320. On the downside bears need to see a move below the Feb
14 low at $15.492. Below here would open the 200-dma at $15.218, below which
would shift the outlook negative.

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.