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Recovering Slowly After Fall Halted....>

SILVER TECHS
SILVER TECHS: Recovering Slowly After Fall Halted Above Swing Target
*RES 4: $16.150 Dec 1 high
*RES 3: $16.031 Hourly recovery high Dec 1
*RES 2: $16.004/014 Hourly low/high Dec 1
*RES 1: $15.919 Dec 1 low, now resistance
*PRICE: $15.877 @0550GMT                                   
*SUP 1: $15.711 Dec 7 low
*SUP 2: $15.627/646 1.618 swing $16.334-$17.479, Dec 5 low
*SUP 3: $15.612 Jul 14 low
*SUP 4: $15.571 3 month bear channel base projection
*COMMENTARY: Recovering slowly after the fall to $15.646 last week saw support
emerge from just above the swing target at $15.627. This of the $16.334-$17.479
rally seen during October this year. Now facing resistance from between
$15.919-$16.031, needing back above the latter before near term bear bias is
overturned. Meanwhile, support comes from Thursday's $15.711 low and this
currently protects the downside.

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