Free Trial

*RES 4: $17.119 - Hourly resistance....>

SILVER TECHS
SILVER TECHS: *RES 4: $17.119 - Hourly resistance Apr 23 
*RES 3: $17.020 - Low Apr 20 now resistance 
*RES 2: $16.835 - High May 11 
*RES 1: $16.499 - 55-DMA
*PRICE: $16.398 @ 0430GMT
*SUP 1: $16.170 - Low May 16
*SUP 2: $16.040 - 2018 Low May 1
*SUP 3: $16.094 - Bollinger band base
*SUP 4: $15.612 - Monthly Low Dec 13
*COMMENTARY: Topside follow through was lacking last week with the pop above the
200-DMA ($16.790) aggressively reversed. The sell-off this week shift focus back
to 2018 lows but follow through has been lacking. Bears now look for a close
below $16.040 2018 lows to confirm focus on $15.160-612 where Dec lows are
situated. Bulls now need a close above the 55-DMA to gain breathing room.

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.