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Trendline support cleared *RES 4:......>

SILVER TECHS
SILVER TECHS: Trendline support cleared
*RES 4: $19.653 - High Sep 4 and key resistance
*RES 3: $18.803 - High Sep 6
*RES 2: $18.471 - High Sep 12 and key resistance
*RES 1: $17.998 - Intraday high
*PRICE: $17.907 @ 07:42 BST Sep 16
*SUP 1: $17.400 - Low Sep 13 and bear trigger
*SUP 2: $16.970 - 50% retracement of the May 28 - Sep 4 rally
*SUP 3: $16.853 - Low Aug 19
*SUP 4: $16.540 - Low Aug 13
Silver traded to a low of 17.400 Friday extending the recent sharp reversal in
prices and more importantly confirming a break of trendline support drawn off
Jul 12 low. Despite the recovery in Asia, bearish conditions are expected to
remain in place and current gains are viewed as a correction. Activity has
traded back to the trendline which now offers resistance at the 17.900 area. The
focus is on 17.400, a break would open 16.853 next. Key resistance is at 18.471.

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