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AUSSIE 10-YEAR TECHS

(H3) Weaker Into Friday Close

AUSSIE BONDS

Light Bear Steepening, Futures Off Overnight Lows

AUSSIE 3-YEAR TECHS

(H3) Falters on Firm CPI

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Uptrend Remains Intact

SILVER TECHS
  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 3 and the bull trigger
  • PRICE: $23.552 @ 08:03 GMT Jan 25
  • SUP 1: $22.911 - 50-day EMA
  • SUP 2: $22.557 - Low Dec 16 and key short-term support
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

Silver is trading in a range. The trend direction remains up and moving average studies are in a bull mode position. Fresh trend highs in December reinforced the positive theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support is at $22.557, the Dec 16 low.

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  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 3 and the bull trigger
  • PRICE: $23.552 @ 08:03 GMT Jan 25
  • SUP 1: $22.911 - 50-day EMA
  • SUP 2: $22.557 - Low Dec 16 and key short-term support
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

Silver is trading in a range. The trend direction remains up and moving average studies are in a bull mode position. Fresh trend highs in December reinforced the positive theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support is at $22.557, the Dec 16 low.