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Softer However Outlook Remains.........>

SILVER TECHS
SILVER TECHS: Softer However Outlook Remains Bullish
*RES 4: $16.157 - 61.8% retracement of the Feb 24 - Mar 18 decline
*RES 3: $16.000 - Round number resistance
*RES 2: $15.988 - High Apr 10 and bull trigger
*RES 1: $15.599 - High Apr 16
*PRICE: $15.231 @ 07:37 BST Apr 20
*SUP 1: $15.035 - Low Apr 17
*SUP 2: $14.872 - Low Apr 8
*SUP 3: $14.728 - High Mar 25 and former breakout level
*SUP 4: $14.245 - Low Apr 6
Silver is slightly softer. Despite this, a bullish theme remains in place. The
recent clearance of resistance at $14.728, Mar 25 high confirmed a resumption of
the uptrend since Mar 18. The focus is on $16.000 next and $16.157, 61.8%
retracement of the Feb 24 - Mar 18 decline. There is potential too for a test of
$16.395, the Feb 28 low, the base of a former broad range. Support to watch is
at $14.872. A break would suggest scope for a deeper corrective pullback.

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