Free Trial

Focus Shifts To $15.966-16.327.........>

SILVER TECHS
SILVER TECHS: Focus Shifts To $15.966-16.327 Region
*RES 4: $17.380 - High Nov 17
*RES 3: $17.222 - Hourly resistance Nov 20
*RES 2: $16.961 - 21-DMA
*RES 1: $16.730 - Low Nov 28 now resistance
*PRICE: $16.578 @ 0430GMT
*SUP 1: $16.470 - Hourly support Nov 30
*SUP 2: $16.327 - Low Oct 6
*SUP 3: $16.125 - Monthly Low Aug 7
*SUP 4: $15.966 - Low July 17
*COMMENTARY: Sideways trading has come to an end with a sell-off and bearish
close Wednesday that shifts focus to the $15.966-16.327 support region where
monthly lows are situated. Bulls now look for a close above $16.730 to ease
renewed bearish pressure and above the 21-DMA to shift focus back to layers of
resistance $17.222-542.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.