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SFRZ3 Lifted


Holding Softer Into RBA


Steepening Extends


PREVIEW: 10-Year JGB Supply Due

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Bulls Targeting Channel Top *RES 4:....>

SILVER TECHS: Bulls Targeting Channel Top
*RES 4: $18.496 - Daily Bull channel top 
*RES 3: $18.331 - High Apr 19 
*RES 2: $18.041 - Low June 5 now resistance 
*RES 1: $18.002 - High Sept 5
*PRICE: $17.878 @ 0430GMT
*SUP 1: $17.759 - Low Sept 4
*SUP 2: $17.662 - High Aug 29 now support
*SUP 3: $17.440 - Hourly resistance Aug 31 now support
*SUP 4: $17.264 - Hourly resistance Aug 28 now support
*COMMENTARY: Bulls take comfort in the $17.264 support remaining in play with
the bounce from this level resulting in fresh 5mth highs and bulls currently
focused on tests of the daily bull channel top. The Bollinger top ($17.924) and
O/B daily studies are concerns for bulls. In saying that, bears need a close
below $17.662 to gain breathing room and below the 200-DMA ($17.053) to pressure
DMAs $16.659-801.

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