empty
 
 
15.04.2013 02:07 PM
Silver could possible see support around 22.00. Looking to sell rallies

This image is no longer relevant

Technical outlook and chart setups:

The metal is heading towards 21.00/22.00 levels as shown on charts here. Having stopped us out at 25.95 on Friday, the same level has turned to be resistance now for any rallies to be well capped below. Looking into the wave structure and momentum right now, it is recommended to remain flat and refrain from taking positions on either directions. Silver is possible headed straight towards 21.00/22.00 levels, which is past resistance turned support now. Furthermore it is represented by the 0.618 support of the entire rally from 10.00 to 49.00 levels since 2008. Looking to sell rallies towards 25/26 if prices provide opportunities or to buy low.

Trading recommendations:

Flat for now. We cannot buy before 21.50/22.00. Prepare to sell counter trend rallies.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback