Silver is currently testing the intermediate support of its medium term bullish channel at 32.40 suggesting a rebound. However, break through these levels will entail a return to the lower limit of this one to 30.80. Technical indicators provide buy-signals but are approaching the overbuy zone supporting the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. According to previous events, the market indicates a bullish opportunity at the levels of 32.40 with the 1st objective of 33.00, then 33.20. A break through 32.20 will invalidate this scenario.
Albert Fitoussi is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
تجزیہ کاروں کی طرف سے تجزیہ کیا گیا
انسٹا فاریکس گروپ آف کمپنی اور کاپی 2007-2010
