empty
 
 
14.04.2016 06:33 AM
Technical analysis of Silver for April 14, 2016

This image is no longer relevant

Technical outlook and chart setups:

Silver is still seen to be holding well above $16.00 levels and might be looking to push through $16.40 levels before producing a meaningful retracement. The metal rallied past $16.30 levels yesterday, slightly above expectations, and might print yet another high before pulling back. The metal is sending mixed signals at the moment and hence it is recommended to remain flat for now, awaiting further confirmation for directions. Immediate resistance is seen at $16.35 levels, while support is at $16.00 levels respectively. Ideally, bears are expected to regain control soon since the metal should pull back lower before extending its rally.

Trading recommendations:

Remain flat for now OR go aggressively short now, stop at $16.50, target is open.

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 $1000 more!
    In April we raffle $1000 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