Free Trial

Range Lows Under Pressure *RES 4:......>

SILVER TECHS
SILVER TECHS: Range Lows Under Pressure
*RES 4: $15.739 - 200-dma 
*RES 3: $15.554 - High Aug 3 
*RES 2: $15.001 - High Aug 28 
*RES 1: $14.915 - High Nov 2 
*PRICE: $14.378 @ 06:18 GMT 
*SUP 1: $14.243 - Low Oct 10 
*SUP 2: $13.942 - Low Sep 11 
*SUP 3: $13.648 - Low Dec 15 2015 
*SUP 4: $12.458 - Low Jul 17, 2009 
Silver is heading towards the Oct 10 low at $14.243 after losing its grip on the
55-dma. A break below here would shift the focus back to the downside and open
the Sep 11 and ytd low at $13.942. Bulls need to break above the Nov 2 high at
$14.915 to put the focus back on the Aug 28 high at $15.001. 

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.