Resist: 1669.70+, 1681.00
Supprt: 1649.90, 1642.50-1640.90*
Comment: Last week’s rallies have powered a short term bull upturn from corrections and projects rallies to challenge the 1681.00 swing high for an upside breakout to send rallies near 1689.70. Look for continued climbing trade action the next few days. Any dips should fight to hold along 1650+/- and only a close back under 1640.90* marks a turn back to bear trending action.
JUL SILVER
Resist: 31.58, 32.05*, 32.70+
Supprt: 30.75-30.69, 30.23-30.00
Comment: Overall the market remains in a bear downturn. A close under last week’s low will fuel pressing moves to 29.15. Corrections late last week give near term positive signals with a chance to extend retracement rallies and push into a reversing turnaround. A close over 32.05* flips short term forces up and should drive rallies to previous downturn levels at 32.70-33.30.
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