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Trendline resistance breached *RES.....>

SILVER TECHS
SILVER TECHS: Trendline resistance breached
*RES 4: $15.643 - High March 21
*RES 3: $15.568 - High Jun 21 and key bull trigger
*RES 2: $15.471 - High Jul 3
*RES 1: $15.426 - Intraday high
*PRICE: $15.383 @ 07:14 BST Jul 16
*SUP 1: $15.165 - Low Jul 15
*SUP 2: $15.054 - Low Jul 12
*SUP 3: $14.896 - Low Jul 5 and key bear trigger
*SUP 4: $14.777 - 61.8% retracement of the May 28-Jun 21 rally
Silver trendline support drawn off the May 28 low was breached on Jul 5 and the
metal retraced to 50% the May 28-Jun 21 rally at $14.928. The recovery off the
retracement is encouraging for bulls and has been reinforced the break of a
trendline resistance at $15.375 yesterday. The trendline is drawn off the Jun 21
high and the breach reinstates a bullish theme that opens $15.568, the key
upside trigger. Support for now has been defined at $15.054.

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