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Remains Vulnerable *RES 4:.............>

SILVER TECHS
SILVER TECHS: Remains Vulnerable
*RES 4: $18.860/913 - High Jan 8/ 76.4% retracement of Sep to Dec decline
*RES 3: $18.948 - High Feb 24
*RES 2: $18.671 - High Feb 25
*RES 1: $18.269 - 50% retracement of the Feb 25 range
*PRICE: $18.026 @ 06:58 GMT Feb 27
*SUP 1: $17.795 - Low Feb 26
*SUP 2: $17.686 - Low Feb 18
*SUP 3: $17.453 - Low Feb 13
*SUP 4: $17.352 - Low Jan 29 and key support
Despite finding support yesterday, Silver is heavy having stalled at Monday's
$18.948 high. The pullback is significant as it marks the third failed attempt
to clear resistance at the $18.740 level. The failed attempts were on Sep 24,
Jan 8 and Monday. The inability to hold above $18.740 is a warning that downside
pressure may still dominate S/T. A close above $18.743 is required to strengthen
a bullish case. Until then, scope is seen for a move towards $17.686 next.

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