Free Trial

Testing Uptrend Support *RES 4:........>

SILVER TECHS
SILVER TECHS: Testing Uptrend Support
*RES 4: $18.218 - High Sep 8, 2017 
*RES 3: $17.704 - High Jan 25, 2018 
*RES 2: $17.320 - High Jun 14 
*RES 1: $16.634 - High Feb 27 
*PRICE: $15.737 @ 06:20 GMT Feb 28 
*SUP 1: $15.700 - Uptrend support from Jan lows
*SUP 2: $15.492 - Low Feb 14 
*SUP 3: $15.200 - 200-dma 
*SUP 4: $15.184 - Low Jan 22 
Silver is testing uptrend support from the Jan lows which comes in just below
current levels. A break below here would open a move down to the Feb 14 low at
$15.492, below which would open the 200-dma at $15.200. The upside target
remains yesterday's spike high at $16.634. A close back above here would return
the focus back to the June 14 high at $17.320.

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.