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Pressure Back on Key DMAs *RES 4:......>

SILVER TECHS
SILVER TECHS: Pressure Back on Key DMAs
*RES 4: $17.020 - Low Apr 20 now resistance 
*RES 3: $16.796 - 200-DMA 
*RES 2: $16.646 - 100-DMA 
*RES 1: $16.521 - 55-DMA
*PRICE: $16.421 @ 0430GMT
*SUP 1: $16.342 - High May 1 now support
*SUP 2: $16.200 - Hourly resistance May 1 now support
*SUP 3: $16.040 - 2018 Low May 1
*SUP 4: $15.612 - Monthly Low Dec 13
*COMMENTARY: The lack of follow through on recent 2018 & 5mth lows is a concern
for bears with daily studies approaching O/S and looking to correct. Pressure
has returned to key DMAs with bulls needing a close above the 100-DMA to confirm
an easing of bearish pressure and above the 200-DMA to shift focus back to
$17.020-394 where Apr highs are noted. bears now need a close below $16.342 to
ease pressure on key DMAs.

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