Tuesday, July 17, 2012

Silver Jul 17-2012


Trade Idea SILVER (Spot) intraday: bullish bias above 27.2

Pivot: 27.20
Our Preference: LONG positions above 27.2 with targets @ 27.57 & 27.8.
Alternative scenario: The downside penetration of 27.2 will call for a slide towards 26.9 & 26.75.
Comment: the RSI is above its neutrality area at 50%.


Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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