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Still under pressure *RES 4: $20.000...>

SILVER TECHS
SILVER TECHS: Still under pressure
*RES 4: $20.000 - Psychological round number
*RES 3: $19.747 - High week ending Sep 30, 2016
*RES 2: $19.653 - High Sep 4 and key resistance
*RES 1: $18.803 - High Sep 5
*PRICE: $18.032 @ 07:28 BST Sep 9
*SUP 1: $17.931 - Intraday low
*SUP 2: $17.635 - Low Aug 27
*SUP 3: $17.591 - Trendline support drawn off the Jul 12 low
*SUP 4: $17.512 - High Aug 13
Silver sold off late last week, just as sharply as it had rallied in previous
sessions. A bearish engulfing was confirmed at the close on Sep 5 and Friday's
follow through highlights the risk for continued unwinding of recent impulsive
gains. With momentum studies facing south, the focus turns to trendline support
drawn off the Jul 12 low that intersects at $17.591 today. Initial resistance is
at $18.803.

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