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Looking A Little Heavy *RES 4:.........>

SILVER TECHS
SILVER TECHS: Looking A Little Heavy
*RES 4: $18.066 - Hourly resistance Sept 8 
*RES 3: $17.989 - High Sept 12 
*RES 2: $17.889 - Hourly support Sept 13 now resistance 
*RES 1: $17.685 - Hourly resistance Sept 15
*PRICE: $17.596 @ 0430GMT
*SUP 1: $17.520 - Hourly support Sept 18
*SUP 2: $17.440 - Hourly resistance Aug 31 now support
*SUP 3: $17.229 - Low Aug 31
*SUP 4: $17.094 - 200-DMA
*COMMENTARY: The daily bull channel base was taken out last week with closes
below Thursday & Friday leaving silver looking heavy and flirting with the
21-DMA. Bearish focus has now shifted to $16.760-17.229 where 55, 100 & 200-DMAs
are situated. Daily studies are well placed for further losses. Bulls now need a
close above $17.685 to gain breathing room and above 17.989 to reconfirm
dominance and initially target $18.212.

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