empty
 
 
04.04.2013 04:01 PM
Silver prints fresh lows. Flat for now

This image is no longer relevant

Technical outlook and chart setups:

A compressed daily chart view has been depicted here to look into overall, consolidation structure since last several months. Sub 26.00 level has been support, while resistance line has been sloping from 38/39 levels to 35.00 level. Immediate resistance is at 29.50, followed by 32.30, 34.10 and higher up; while support is around 26.00 region. Prices have reached pretty close to the support band of 26.00 and a reaction should be expected here. A bullish bounce should encourage bulls while a break below 26.00 would be a paradigm shift in trend. It is recommended to remain flat at least till tomorrow.

Trading recommendations:

Remain flat for now.

Good Luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback