empty
 
 
08.01.2015 05:02 AM
Technical analysis of silver for January 08, 2015
This image is no longer relevant

Technical outlook and chart setups:

Silver might be looking to dip toward $16.00 and $15.80/80 levels again before rallying further up. It is therefore recommended to book profits on long positions taken earlier and wait for lower levels to enter long again. Immediate support is seen at $16.00 levels, followed by $15.90, $15.50 and lower while resistance is seen at $17.40/50, followed by $17.80/18.00 and higher respectively. Please note that the structure might still unfold as an inverted head and shoulder reversal, with $15.50 being carved out as the right shoulder. Bulls should remain in control till prices stay above $15.50 levels at least. $15.90 is seen as next support for now.

Trading recommendations:

Book profits on long positions taken earlier and remain flat for now.

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