empty
 
 
13.05.2013 03:39 PM
Hold on to short positions in silver

This image is no longer relevant

Technical outlook and chart setups:

As depicted in the chart view here, the intermediary trend is down and silver is clearly in the sell zones of trendlines for now. Furthermore, the rally from sub 22.00 level seem to be corrective in nature (3 waves) and prices have bounced off the 0.382 Fibonacci resistance as well. Looking into all these facts, it is recommended to remain short for now and sell rallies towards 24.00 level. A clear break of 24.80 level would take prices to sub 25.00/26.00 levels which is re-enforced by Fibonacci resistance and past support turned resistance as well. Bottom line: Looking into wave structure, prices are looking lower fro here.

Trading recommendations:

Remain short. Stop is at 25.00, and target is open.

Good luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback