Friday, July 20, 2012

Silver Jul 20-2012


Trade Idea SILVER (Spot) intraday: bullish bias above 27.1

Pivot: 27.10
Our Preference: LONG positions above 27.1 with targets @ 27.4 & 27.6.
Alternative scenario: The downside breakout of 27.1 will open the way to 26.9 & 26.8.
Comment: the RSI lacks downward momentum.


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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