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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.
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Free AccessMNI Gilt Week Ahead: Triple issuance week?
MNI US MARKETS ANALYSIS - French Politics Undermines EUR
MNI US OPEN - Trump Warns BRICS Over Moving Away From USD
Trendline support intact *RES 4:.......>
SILVER TECHS: Trendline support intact
*RES 4: $18.218 - High Sep 8 2017
*RES 3: $18.000 - Psychological round number
*RES 2: $17.704 - High Jan 25 2018
*RES 1: $17.512 - High Aug 13
*PRICE: $17.085 @ 07:37 BST Aug 21
*SUP 1: $16.723/540 - Trendline support drawn off the Jul 12 low / Low Aug 13
*SUP 2: $16.660 - High Jul 25
*SUP 3: $16.540 - Low Aug 13 and key support
*SUP 4: $16.358 - Low Aug 6
Silver maintains its underlying bullish tone.The price sequence of higher highs
and higher lows continues to dominate and while this holds, the focus is on
further gains. Potential is for a climb towards $17.704, the Jan 25, 2018 high.
Initial resistance and the trigger for bulls is last Tuesday's high of $17.512.
Support lies at the trendline, today at $16.723 and $16.540, the Aug 13 low. A
break would instead signal the start of a correction.
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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.