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Markets Closed On Monday

AUSSIE 10-YEAR TECHS

(Z2) Remains Vulnerable

US TSYS

A Touch Cheaper To Start The Week

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Markets Closed On Monday

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Holding Above Support

SILVER TECHS
  • RES 4: $21.540 - High Jun 27
  • RES 3: $21.000 - Round number resistance
  • RES 2: $21.540 - High Jun 27
  • RES 1: $20.876 - High Aug 15
  • PRICE: $20.174 @ 07:59 BST Aug 17
  • SUP 1: $19.551/062 - Low Aug 5 / Low Jul 28
  • SUP 2: $18.146/18.000 - Low Jul 14 / Round number support
  • SUP 3: $17.312 - 3.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 4: $16.955 - Low Jun 15 2020

Silver is unchanged and remains bullish for now. Last week’s gains resulted in a break of resistance at $20.508, the Aug 2 high. This confirmed a resumption of the bull leg that started Jul 14 and the metal has established a bullish price sequence of higher highs and higher lows on the daily chart. The focus is on $21.540, Jun 27 high. Initial key support has been defined at $19.551, the Aug 5 low. A break would threaten the bull cycle.

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  • RES 4: $21.540 - High Jun 27
  • RES 3: $21.000 - Round number resistance
  • RES 2: $21.540 - High Jun 27
  • RES 1: $20.876 - High Aug 15
  • PRICE: $20.174 @ 07:59 BST Aug 17
  • SUP 1: $19.551/062 - Low Aug 5 / Low Jul 28
  • SUP 2: $18.146/18.000 - Low Jul 14 / Round number support
  • SUP 3: $17.312 - 3.00 proj of the Mar 8 - 29 - Apr 18 price swing
  • SUP 4: $16.955 - Low Jun 15 2020

Silver is unchanged and remains bullish for now. Last week’s gains resulted in a break of resistance at $20.508, the Aug 2 high. This confirmed a resumption of the bull leg that started Jul 14 and the metal has established a bullish price sequence of higher highs and higher lows on the daily chart. The focus is on $21.540, Jun 27 high. Initial key support has been defined at $19.551, the Aug 5 low. A break would threaten the bull cycle.