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

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. 

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