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Initial Focus Now On June High *RES....>

SILVER TECHS
SILVER TECHS: Initial Focus Now On June High
*RES 4: $18.206 - Daily Bull channel top 
*RES 3: $18.041 - Low June 5 now resistance 
*RES 2: $17.742 - Monthly high June 6 
*RES 1: $17.662 - High Aug 29
*PRICE: $17.430 @ 0330GMT
*SUP 1: $17.264 - Hourly resistance Aug 28 now support
*SUP 2: $17.148 - Hourly support Aug 28
*SUP 3: $17.004 - Hourly resistance support Aug 25
*SUP 4: $16.709 - Low Aug 25
*COMMENTARY: The dip Friday lacked follow through with support emerging below
the 21-DMA ($16.897). Monday's rally reconfirmed the bullish bias and sees bulls
focused on the June high and then $18.041-206 above where the bull channel top
is found. Layers of support remain with bears now needing a close below $17.264
to gain breathing room and below $17.004 to shift focus back to $16.709 lows
from last week.

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