Free Trial

Stuck In A Holding Pattern *RES 4:.....>

SILVER TECHS
SILVER TECHS: Stuck In A Holding Pattern
*RES 4: $15.871 - 200-dma 
*RES 3: $15.554 - High Aug 3 
*RES 2: $15.001 - High Aug 28 
*RES 1: $14.800 - Down trendline resistance from Oct 2 high 
*PRICE: $14.633 @ 06:00 GMT 
*SUP 1: $14.454 - Low Oct 18 
*SUP 2: $14.243 - Low Oct 10 
*SUP 3: $13.942 - Low Sep 11 
*SUP 4: $13.648 - Low Dec 15 2015 
Silver remains stuck in its recent holding pattern caught between support at the
Oct 18 low of $14.454 and resistance at the $14.800 level marking down trendline
resistance from the Oct 2 high. An upside break seems most likely given recent
moves in gold, and a break above $14.800 would trigger a bullish reversal
pattern, targeting the Aug 28 high at $15.001.

To read the full story

Close

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.