Free Trial

Range Lows Continue To Hold *RES 4:....>

SILVER TECHS
SILVER TECHS: Range Lows Continue To Hold
*RES 4: $16.456 - Low May 1 
*RES 3: $16.217 - High Jul 9 
*RES 2: $16.000 - Resistance 
*RES 1: $15.875 - High Jan 4 
*PRICE: $15.572 @ 06:07 GMT Jan 17 
*SUP 1: $15.497 - Low Jan 16 
*SUP 2: $15.326 - 200-dma 
*SUP 3: $15.001 - High Aug 28 
*SUP 4: $14.569 - 100-dma 
Despite a brief break below the $15.50 level yesterday the contracting range
pattern continues to hold. Bears need a close below $15.50 to gain the edge and
open a return to the 200-dma which comes in at $15.326. Below here is would open
the Aug 28 high at $15.001. Upside focus remains on the $15.75 level which holds
down trendline resistance from the Jan 4 highs. A break above here would trigger
a bullish continuation pattern, opening a move to the $16.00 area. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.