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No Sign Of A Trend Change *RES 4:......>

SILVER TECHS
SILVER TECHS: No Sign Of A Trend Change
*RES 4: $14.916 - 200-dma
*RES 3: $14.860 - High May 14
*RES 2: $14.637 - 21-dma
*RES 1: $14.589 - Down trendline resistance from Feb 20 high
*PRICE: $14.515 @ 06:59 GMT May 30
*SUP 1: $14.294 - Low May 28
*SUP 2: $14.224 - Channel bottom
*SUP 3: $14.054 - Low Nov 30
*SUP 4: $13.897 - Low Nov 14
Silver remains locked in its downtrend with bears eyeing Tuesday's low at
$14.294 to extend the downtrend towards channel support which sits at $14.224.
Below here would extend the selloff towards the Nov 30 low at $14.054. Bulls
continue to target the down trendline resistance & 21-dma. A break above here is
needed to shift the outlook positive.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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