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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.
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Free AccessStability Ahead Of Lows *RES 4:........>
SILVER TECHS: Stability Ahead Of Lows
*RES 4: $15.610 - High July 31
*RES 3: $15.554 - High August 3
*RES 2: $15.087 - 21-DMA
*RES 1: $14.880 - High May 22
*PRICE: $14.560 @ 04:48 GMT
*SUP 1: $14.338 - Low August 16
*SUP 2: $14.000 - Support
*SUP 3: $13.984 - Low August 26 2015
*SUP 4: $13.648 - Low December 14 2015
Silver has found some stability ahead of the August 16 lows which will give
bulls some cause for cheer as they attempt to recover Wednesday's high at
$14.880. A break above here would open up the 21-dma which would be a big hurdle
to overcome. Bears continue to target $14.338 to extend the downtrend into
multi-year low territory.
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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.