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EU Commission Shares Paper On Gas Price Measures

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Review $36B 7Y Auction, Stops Through

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Approaching Channel Support

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Consolidation Mode

SILVER TECHS
  • RES 4: $21.540 - High Jun 27
  • RES 3: $20.442 - 50-day EMA
  • RES 2: $20.464 - Low May 13 and recent breakout level
  • RES 1: $19.242 - 20-day EMA
  • PRICE: $18.629 @ 08:02 BST Jul 27
  • SUP 1: $18.146/18.000 - Low Jul 14 / Round number support
  • SUP 2: $17.312 - 3.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 3: $16.955 - Low Jun 15 2020
  • SUP 4: $16.735 - Low May 22 2020

Silver remains in consolidation mode. The outlook is bearish and recent weakness confirmed a continuation of the current bear cycle that started Jun 6 and marks an extension of the broader downtrend that has been in place since early February 2021. MA studies are in a bear mode condition, highlighting current sentiment. Sights are on $17.312 next, a Fibonacci projection. The 20-day EMA, at $19.242 is a key short-term resistance.

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  • RES 4: $21.540 - High Jun 27
  • RES 3: $20.442 - 50-day EMA
  • RES 2: $20.464 - Low May 13 and recent breakout level
  • RES 1: $19.242 - 20-day EMA
  • PRICE: $18.629 @ 08:02 BST Jul 27
  • SUP 1: $18.146/18.000 - Low Jul 14 / Round number support
  • SUP 2: $17.312 - 3.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 3: $16.955 - Low Jun 15 2020
  • SUP 4: $16.735 - Low May 22 2020

Silver remains in consolidation mode. The outlook is bearish and recent weakness confirmed a continuation of the current bear cycle that started Jun 6 and marks an extension of the broader downtrend that has been in place since early February 2021. MA studies are in a bear mode condition, highlighting current sentiment. Sights are on $17.312 next, a Fibonacci projection. The 20-day EMA, at $19.242 is a key short-term resistance.