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Downtrend Threatens To Resume *RES.....>

SILVER TECHS
SILVER TECHS: Downtrend Threatens To Resume
*RES 4: $15.640 - High Mar 21 
*RES 3: $15.343/212 - High Apr 9 
*RES 2: $15.110 - High Apr 26 
*RES 1: $14.980/967 - High May 3/200-dma 
*PRICE: $14.793 @ 06:15 GMT May 10 
*SUP 1: $14.700 - Low May 9 
*SUP 2: $14.555 - Low May 3 
*SUP 3: $14.444 - 76.4% retracement of Nov-Feb rally 
*SUP 4: $14.054 - Low Nov 30 
The failure of bulls to take out the key $15 level has seen downside momentum
resume with the near term focus shifting back to the downside and yesterday's
low at $14.700. Below here opens Friday's low at $14.555 ahead of the 76.4%
retracement of the Nov-Feb rally at $14.444. Upside focus remains on May 3 high
and 200-dma at$14.980/967 as well as the $15 handle. Above here would shift the
outlook bullish opening the April 26 high at $15.110.

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