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Trendline holding *RES 4: $19.747 -....>

SILVER TECHS
SILVER TECHS: Trendline holding
*RES 4: $19.747 - High week ending Sep 30, 2016
*RES 3: $19.653 - High Sep 4 and key resistance
*RES 2: $18.803 - High Sep 5
*RES 1: $18.471 - High Sep 12
*PRICE: $18.100 @ 07:16 BST Sep 13
*SUP 1: $17.839 - Trendline support drawn off the Jul 12 low
*SUP 2: $17.778 - Low Sep 10 and bear trigger
*SUP 3: $17.512 - High Aug 13
*SUP 4: $16.983 - Low Aug 23
Silver has traded to a low of 17.778 this week just ahead of trendline support
off the Jul 12 low. The trendline is at 17.839 today. An important resistance
has been defined at 18.471, yesterday's high. Furthermore, Tuesday's price
action in Japanese candle terms is a doji and a sign that downside momentum may
be weakening. A recovery through 18.471 would represent a bullish signal. A
break of the trendline and of 17.778 is needed to confirm the next leg lower.

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