Monday, July 23, 2012

Silver Jul 23 -2012


 Trade Idea SILVER (Spot) intraday: the downside prevails.

Pivot: 27.30
Our Preference: SHORT positions below 27.3 with 26.85 & 26.75 as next targets.
Alternative scenario: The upside breakout of 27.3 will open the way to 27.4 & 27.6.
Comment: the RSI is bearish and calls for further downside.



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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