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Channel Support Still Under Pressure...>

SILVER TECHS
SILVER TECHS: Channel Support Still Under Pressure
*RES 4: $18.671 - High Feb 25
*RES 3: $18.382 - High Jun 1 and the bull trigger
*RES 2: $18.185 - High Jun 10
*RES 1: $18.077 - High Jun 24
*PRICE: $17.827 @ 07:01 BST Jun 30
*SUP 1: $17.375 - Low Jun 24
*SUP 2: $16.997 - 50-day EMA
*SUP 3: $16.995 - Low Jun 15 and the bear trigger
*SUP 4: $16.735 - Low May 22
Silver found resistance last Wednesday at $18.077. The move lower resulted in
the metal trading below its channel base drawn off the Mar 18 low. A clear break
of the trendline and more importantly, a break of support at $16.955, Jun 15 low
would signal a reversal. On the upside, price needs to trade above $18.077 to
ease any bearish concerns. This would open $18.185, Jun 10 high and $18.382, Jun
1 high.

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