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Free AccessRecovery Above $15 Fails To Stick .....>
SILVER TECHS: Recovery Above $15 Fails To Stick
*RES 4: $16.216 - High Feb 20
*RES 3: $15.825 - High Feb 28
*RES 2: $15.463/640 - 55-dma/High Mar 21
*RES 1: $15.343 - High Apr 9
*PRICE: $14.968 @ 05:37 GMT Apr 16
*SUP 1: $14.855 - Low Apr 11
*SUP 2: $14.794 - Channel support
*SUP 3: $14.783 - 61.8% retracement $13.897-16.216
*SUP 4: $14.719 - Low Dec 26
Silver refuses to cling to gains above the $15 level keeping the focus on the
downside. A break below yesterday's low at $14.855 would bring channel support
at $14.794 into focus ahead of the 61.8% retracement of $13.897-16.216 at
$14.783. Bulls need to recover the April 9 high at $15.343 to regain the upper
hand and target the 55-dma & Mar 21 high at $15.463/640.
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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.