empty
 
 
06.12.2012 12:20 PM
Silver Remains Under Pressure. But 32.00 Level Hold

This image is no longer relevant

Technical Outlook and Chart Setups:

Prices have remained under pressure overnight printing fresh lows at 32.50 level before pulling back. As depicted here, there is a possibility that wave 4 may extend further towards 30.00 levels but 32.00 remains key as discussed earlier. A break below 32.00, will confirm further downside possibility towards 30.00 level before reversing. On the other hand, a bullish reversal from current levels would confirm that a low is in place and the prices will head higher. It is recommended to book profits on shorts for now and wait for bullish reversal signals. Please note that till the time the prices stay above 32.00 silver remains bullish.

Trading Recommendations:

Book profits on short positions for now. Look for opportunities to buy ahead of 32.00 level.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback