Thursday, July 19, 2012

Silver Jul 19-2012


Trade Idea SILVER (Spot) intraday: under pressure.

Pivot: 27.35
Our Preference: SHORT positions below 27.35 with 27.1 & 26.9 in sight.
Alternative scenario: The upside penetration of 27.35 will call for a rebound towards 27.57 & 27.7.
Comment: as long as 27.35 is resistance, look for choppy price action with a bearish bias.


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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