Resist: 1751.80-1754.40*, 1770-1776.70 ST
Supprt: 1729.00, 1723.30, 1700.40*
Comment: The market is still in a bear trend, but yesterday’s surge higher places trade against key 1754.40* resistance. Posting a close over 1754.40* signals rallies to the recent downturn gap at 1770-1776.70 and chance to test against the last swing high. If trade backs off from 1754.40*, then expect sideways congestion in the upper half of yesterday’s rally. A close under 1700.40* is needed to recapture bear trend
MAR SILVER
Resist: 32.97-33.13, 33.77*
Supprt: 32.08, 31.85, 31.15
Comment: The market remains in the negative turnover, but closes under 31.15 and 30.95 are needed to renew the slide to 29.83*. Yesterday’s outside bull reversal signals for rebounding action to push for a test of the 33.77* resistance. A close over 33.77* signals a bull turn that should spark rallies to attack the last 35.65 swing high. Any congestion inside the upper half of yesterday’s range should provide a staging level to attempt further rallies.
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