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Focus is on broad channel top *RES.....>

SILVER TECHS
SILVER TECHS: Focus is on broad channel top
*RES 4: $16.967 - 1.618 projection of May 28-Jun 21 rally from Jul 5 low
*RES 3: $16.630 - High Jun 18, 2018
*RES 2: $16.593 - High Jul 19
*RES 1: $16.541 - Broad bull channel top drawn off the Nov 14, 2018 low
*PRICE: $16.242 @ 07:00 BST Jul 23
*SUP 1: $16.058 - Low Jul 19
*SUP 2: $15.926 - Low Jul 18
*SUP 3: $15.568 - High Jun 21 and former bull trigger
*SUP 4: $15.315 - Low Jul 16
Silver remains bullish following last weeks impulsive rally. The break of former
resistance at $15.568, the Jun 21 high last Tuesday confirmed a resumption of
the uptrend. Note however that Silver has recently traded to the top of a broad
bull channel drawn off the low of Nov 14, 2018. The top is at $16.541. A move
above last Friday's high of $16.593 is needed to signal the next phase higher in
the metal. This would open $16.630. Initial support lies at $16.058.

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