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Channel Resistance Cleared *RES 4:.....>

SILVER TECHS
SILVER TECHS: Channel Resistance Cleared
*RES 4: $18.334 - High Oct 25 and key resistance
*RES 3: $18.225 - High Nov 4
*RES 2: $18.093 - High Nov 5
*RES 1: $18.053 - High Dec 26
*PRICE: $17.789 @ 07:49 GMT Dec 27
*SUP 1: $17.534 - Former channel top drawn off the Sep 24 high
*SUP 2: $17.173 - Low Dec 23
*SUP 3: $16.887 - Low Dec 18 and key support
*SUP 4: $16.773 - Low Dec 12
Silver is bullish. The metal has extended the current recovery that started off
the Dec 9 low and importantly this week has cleared channel resistance drawn off
the Sep 24. The clear break of the channel top represents an important technical
breach and signals scope for a stronger reversal. With $18.000 cleared,
attention turns to $18.334, Oct 25 high. Initial support is seen at $17.534, the
former channel top.

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