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Channel Support Under Pressure *RES....>

SILVER TECHS
SILVER TECHS: Channel Support 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: $17.555 @ 07:59 BST Jun 25
*SUP 1: $17.375 - Low Jun 24
*SUP 2: $16.995 - Low Jun 15 and the bear trigger
*SUP 3: $16.891 - 50-day EMA
*SUP 4: $16.735 - Low May 22
Silver found resistance yesterday at the day high of $18.077. The move lower has
resulted in the metal trading below its channel base that today intersects at
$17.728. A clear break of the trend and more importantly too, a break of support
at $16.955, Jun 15 low would signal a trend reversal. On the upside, price needs
to trade above $18.077 for bulls to feel comfortable once again. This would open
$18.185, Jun 10 high and $18.382, Jun 1 high.

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