MAR SILVER

Resist: 29.45*, 30.03, 31.00-31.55*
Supprt: 28.79, 28.28-28.18, 27.05-
Comment: The market is in a bear flag downturn, alerting for a larger unfolding downswing that should press against the late September spike low under 27.05-. We may see additional minor corrective congestion inside last Wednesday’s range, but tight congestion capped within last Wednesday’s range will setup for selloffs. A close over 29.45* could boost retracements to 31.55*, but only a close over 31.55* signals a bottoming turnaround.