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Focus Back On $16.740-17.079 *RES 4:...>

SILVER TECHS
SILVER TECHS: Focus Back On $16.740-17.079
*RES 4: $17.079 - 200-DMA
*RES 3: $16.902 - High June 29
*RES 2: $16.771 - Hourly resistance Aug 2 
*RES 1: $16.740 - Daily Bear channel top
*PRICE: $16.534 @ 0430GMT
*SUP 1: $16.450 - Hourly support Aug 9
*SUP 2: $16.217 - Hourly support Aug 7
*SUP 3: $16.155 - Daily Bull channel base
*SUP 4: $16.135 - Low Aug 7
*COMMENTARY: Time spent below the 21-DMA ($16.395) was brief with the close
above $16.435 easing bearish pressure and seeing focus return to layers of
resistance $16.740-17.079 where key DMAs and the bear channel top are situated.
The $16.450 support is key today with bears needing a close below to ease
bullish pressure and return focus to $15.980-16.155 where the bull channel base
is located.

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