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SPOT SILVER: Trendline resistance......>

SILVER TECHS
SILVER TECHS: SPOT SILVER: Trendline resistance key for bulls
*RES 4: $15.643 - High March 21
*RES 3: $15.568 - High Jun 21 and key bull trigger
*RES 2: $15.471 - High Jul 3
*RES 1: $15.375 - Trendline resistance drawn off the Jun 21 high
*PRICE: $15.242 @ 07:10 BST Jul 15
*SUP 1: $15.054 - Low Jul 12
*SUP 2: $14.896 - Low Jul 5 and key bear trigger
*SUP 3: $14.777 - 61.8% retracement of the May 28-Jun 21 rally
*SUP 4: $14.730 - Low Jun 12
Silver trendline support drawn off the May 28 low was breached on Jul 5 and the
metal retraced to 50% the May 28-Jun 21 rally at $14.928. While the recovery off
the retracement is encouraging for bulls, prices remains below a trendline
resistance that intersects at $15.375 today. The trendline is drawn off the Jun
21 high. Clearance of $15.375 is required to reinstate a bullish theme and open
$15.568, the key upside trigger. Primary support is at $14.896.

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