Free Trial

Bulls Now Need Close Above 21-DMA......>

SILVER TECHS
SILVER TECHS: Bulls Now Need Close Above 21-DMA
*RES 4: $16.186 - 55-DMA 
*RES 3: $15.994 - High July 12 
*RES 2: $15.725 - 21-DMA 
*RES 1: $15.670 - Low July 13 now resistance
*PRICE: $15.430 @ 0430GMT
*SUP 1: $15.300 - Low July 24
*SUP 2: $15.130 - 2018 Low July 19
*SUP 3: $14.860 - 2017 Low July 7
*SUP 4: $14.750 - Monthly Apr 1 2016
*COMMENTARY: The recovery from 2018 lows has stalled ahead of the 21-DMA. Bulls
continue to look for a close above the 21-DMA to shift initial focus back to
$15.994. Key DMAs are noted $16.186-16.545. While the 21-DMA caps bears remain
focused on 2017 lows with a close below $15.300 now needed to add weight to
their case.

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.