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O/S Daily Studies Correcting *RES 4:...>

SILVER TECHS
SILVER TECHS: O/S Daily Studies Correcting
*RES 4: $16.366 - 21-DMA
*RES 3: $16.361 - High Dec 5
*RES 2: $16.220 - Low Dec 1 now resistance
*RES 1: $16.150 - High Dec 13
*PRICE: $16.048 @ 0430GMT
*SUP 1: $15.931 - Hourly resistance Dec 15 now support
*SUP 2: $15.825 - Low Dec 14
*SUP 3: $15.604 - Low July 14
*SUP 4: $15.467 - Daily Bear channel base
*COMMENTARY: Correcting O/S daily studies increase the risk of a correction with
bulls still needing a close above the 21-DMA to confirm an easing of bearish
pressure and a return in focus to $16.592-17.045 where key DMAs and the bear
channel top off Sept highs are situated. Bears continue to look for a close
below the bear channel base to confirm focus on tests of 2017 lows ($14.860).

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