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Sharp Sell-Off *RES 4: $19.650 -.......>

SILVER TECHS
SILVER TECHS: Sharp Sell-Off
*RES 4: $19.650 - High Sep 4
*RES 3: $18.860/913 - High Jan 8/ 76.4% retracement of Sep to Dec decline
*RES 2: $18.948 - High Feb 24
*RES 1: $18.671 - High Feb 25
*PRICE: $18.084 @ 06:41 GMT Feb 26
*SUP 1: $17.868 - Low Feb 25
*SUP 2: $17.821 - 50-day EMA
*SUP 3: $17.686 - Low Feb 18
*SUP 4: $17.453 - Low Feb 13 and key support
Silver is heavy having stalled at Monday's $18.948 high. The pullback is
significant because it marks the third failed attempt to clear resistance
defined by the $18.740 level. The failed attempts were on Sep 24, Jan 8 and
Monday. The above $18.740 is a warning that downside pressure may still dominate
near-term. A close above $18.743 is required to strengthen a bullish case. Until
then, there is a chance Silver will weaken towards $17.686 next.

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