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Rally Extends *RES 4: $19.650 - High...>

SILVER TECHS
SILVER TECHS: Rally Extends
*RES 4: $19.650 - High Sep 4 and primary resistance
*RES 3: $19.602 - High Sep 5
*RES 2: $19.000 - Psychological round number
*RES 1: $18.860 - Intraday highHigh Jan 6
*PRICE: $18.537 @ 07:07 GMT Jan 8
*SUP 1: $17.950 - Low Jan 7
*SUP 2: $17.729 - Low Dec 26
*SUP 3: $17.392 - Former channel top drawn off the Sep 24 high
*SUP 4: $17.173 - Low Dec 23
Silver remains bullish. A bullish theme follows the break on Dec 24 of channel
resistance drawn off the Sep 24 low, extending the rally that started off the
Dec 9 low. The clear break of the channel top represents an important technical
breach and subsequent gains signal scope for a stronger bullish move near-term.
$18.743 has also been cleared, Sep 24 high reinforcing current conditions. The
break opens $19.000 next. Support is seen at $17.950, Jan 7 low.

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