empty
 
 
21.07.2015 01:20 PM
Technical analysis of Silver for July 21, 2015

This image is no longer relevant

Technical outlook and chart setups:

Silver is seen to be trading around $14.80 levels at the moment, after having printed interim highs at $15.00 levels earlier. Please note that the metal seems have hit a low at $14.55 yesterday. A morning star candlestick pattern is also seen on the hourly charts, indicating at least a pullback if not reversal. It is hence recommended to remain long for now, with risk at $14.25. Immediate support is seen at $14.55/60 levels (interim), followed by $14.0, $13.00, and lower while resistance is seen at $15.50 (interim) followed by $15.45, $15.85, and higher respectively.

Trading recommendations:

Remain long for now, stop is at $14.25, a target is open.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $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

Recommended Stories

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