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Initial Focus Back On 2018 High *RES...>

SILVER TECHS
SILVER TECHS: Initial Focus Back On 2018 High
*RES 4: $17.963 - High Sept 13
*RES 3: $17.696 - 2018 High Jan 25
*RES 2: $17.547 - High Jan 26
*RES 1: $17.394 - Hourly resistance Feb 1
*PRICE: $17.310 @ 0430GMT
*SUP 1: $17.150 - Hourly support Jan 31
*SUP 2: $17.030 - Low Jan 31
*SUP 3: $16.830 - 200-DMA
*SUP 4: $16.745 - 55-DMA
*COMMENTARY: Bears failed to gain traction below the 21-DMA ($17.161) on recent
dips with the bounce providing bulls breathing room and returning initial focus
to 2018 highs. Bulls look for a close above $17.696 to shift focus to Sept highs
($18.208). Bears need a close below $17.030 to shift focus to layers of support
$16.599-830 where key DMAs are located. Below $16.599 is needed to shift overall
focus back to $15.570 Dec lows.

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