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Key Resistance Remains Exposed


Eurodollar/Tsy Option Roundup, Two-Way

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SILVER TECHS: O/S Daily Studies Correcting
*RES 4: $17.245 - High Sept 26, 21-DMA 
*RES 3: $17.055 - Hourly support Sept 26 now resistance 
*RES 2: $16.910 - Hourly resistance Sept 26 
*RES 1: $16.871 - 100-DMA
*PRICE: $16.530 @ 0330GMT
*SUP 1: $16.666 - Hourly resistance Oct 3 now support
*SUP 2: $16.495 - High Aug 8 now support
*SUP 3: $16.125 - Low Aug 7
*SUP 4: $15.966 - Low July 17
*COMMENTARY: Fresh 3month lows Tuesday have lacked follow through which is a
concern when combined with daily studies looking to correct from very O/S
levels. Layers of resistance remain with bulls now needing a close above $16.910
to shift focus to $17.055-245. A close above the 21-DMA is needed to shift
immediate focus to $17.621. Bears now need a close below $16.495 to reconfirm
the bearish bias and initially target $15.966-16.125.

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