empty
 
 
06.06.2014 06:02 AM
Technical analysis of Silver for June 06, 2014
This image is no longer relevant

Technical outlook and chart setups:

1. Silver raises past the $19.00 levels yesterday, as discussed earlier. The current rally could be still defined as a retracement/correction which is expected to reverse from around $19.40/50 levels towards lower levels. Recommendations are to remain long if bought yesterday or plan to short around $19.40/50 levels on a bearish bounce.

2. Support is seen at $18.60/70, followed by $18.20 and $18.00 while resistance is seen at $19.40/50, followed by $19.90/20.00, $21.70 and higher respectively.

3. The structure indicates that Silver could dip towards $18.50/60 levels immediately before rallying further towards $19.40/50

Trading recommendations:

Remain flat and look to sell higher.

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