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May 3 Low Back In Focus *RES 4:........>

SILVER TECHS
SILVER TECHS: May 3 Low Back In Focus
*RES 4: $15.640 - High Mar 21 
*RES 3: $15.343/212 - High Apr 9 
*RES 2: $15.110 - High Apr 26 
*RES 1: $14.980/944 - High May 3/200-dma 
*PRICE: $14.703 @ 06:00 GMT May 13 
*SUP 1: $14.555 - Low May 3 
*SUP 2: $14.444 - 76.4% retracement of Nov-Feb rally 
*SUP 3: $14.054 - Low Nov 30 
*SUP 4: $13.897 - Low Nov 14 
Silver has resumed its downtrend following the failure of bulls to take out the
key $15 level which brings the focus back to the May 3 low at $14.555. Below
here would open the 76.4% retracement of the Nov-Feb rally at $14.444. Upside
focus remains on May 3 high and 200-dma at $14.980/944 as well as the $15
handle. Above here would shift the outlook bullish opening the April 26 high at
$15.110.

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