| SILVER (Spot) intraday: rebound. |
Pivot: 32.51
Our Preference: LONG positions above 32.51 with 33.35 & 33.5 in sight. Alternative scenario: The downside penetration of 32.51 will call for 32.3 & 31.9. Comment: the RSI is bullish and calls for further upside. |
 |
Commodity prices are treading water in overnight trade, looking past a reactionary rally across Asian stock exchanges in the wake of yesterday’s better-than-expected US retail sales data proved to weigh on gold and silver, presumably having dented the likelihood of more aggressive Federal Reserve stimulus. Indeed, while Ben Bernanke and company launched QE3 last month, the size of central bank’s balance sheet continues to decrease, potentially leaving the door open for more aggressive steps beyond MBS purchases.
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. Visit Us www.deryworldscorp.web.id
No comments:
Post a Comment