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Impulsive Bull Trend Extend

SILVER TECHS
  • RES 4: $25.105 - High Aug 2013
  • RES 3: $25.000 - Round number resistance
  • RES 2: $24.898 - 2.382 proj of Mar 18 - Apr 10 rally from Apr 21 low
  • RES 1: $24.400 - Intraday high
  • PRICE: $24.085 @ 08:21 BST Jul 27
  • SUP 1: $22.710 - Intraday low
  • SUP 2: $22.261 - Low Jul 21
  • SUP 3: $21.283 - Low Jul 22
  • SUP 4: $20.311 - 20-day EMA

Silver bulls remain firmly in charge. The metal has started the week on a
firm note, maintaining the strong bullish conditions that dominated last
week. Today's gains have achieved an objective set at $24.264, a
Fibonacci projection paving the way for a climb towards $25.00 and
$25.105, the Aug 2013 high. On the downside, firm near-term support
has been defined at $22.261, Jul 23 low.

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