Free Trial

More $16.100-864 Expected Next Week....>

SILVER TECHS
SILVER TECHS: More $16.100-864 Expected Next Week
*RES 4: $17.319 - 100-WMA
*RES 3: $17.030 - Low Jan 31 now resistance 
*RES 2: $16.864 - 55-WMA 
*RES 1: $16.692 - High Apr 12
*PRICE: $16.520 @ 0400GMT
*SUP 1: $16.420 - 21-DMA
*SUP 2: $16.395 - Low Apr 10
*SUP 3: $16.310 - Low Apr 9
*SUP 4: $16.177 - Low Apr 5
*COMMENTARY: The sequence of higher daily lows and highs has come to an end
after the lack of topside follow through Wednesday. Bulls look for a close above
$17.030 to confirm a break of the 55-WMA and to shift overall focus back to 2018
highs although the 100-WMA may slow the move. Pressure is back on the $16.395
support with a close below now needed to return focus to $16.100-177 where 2018
lows are noted.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.