Technical outlook and chart setups:
As depicted on the daily chart setup here, the latest downswing seems to have been completed on Friday at 31.12 level. The prices also seem to have tested the backside of sloping down trendline at the moment. Intermediary resistance is at 32.50 now, followed by 33.65/70, and 34.30/40, while support is just around 31.00 level respectively. It is recommended to initiate long positions again from current levels. Looking higher from here on.
Trading recommendations:
Long now (31.20/25), stop is at 30.00, and target is open.
Good Luck!
The material has been provided by Instaforex Company - http://www.instaforex.com/
For detail explanation and best discovery on market trends you may visit via Silver: Well support around 31.00. Recommended to initiate long positions again . Thanks for your support on Silver: Well support around 31.00. Recommended to initiate long positions again
No comments:
Post a Comment