You are here: Home > articles > Commodities > Silver technical levels and trading recommendations for May 21, 2013
Silver technical levels and trading recommendations for May 21, 2013
May 21, 2013 1:45 pmVideo
Latest News
- USD/JPY: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- GBP/USD: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- EUR/USD: Simple trading tips for novice traders for May 9th (US session) May 9, 2024
- Technical Analysis – GBPUSD retreats further after BoE’s decision May 9, 2024
- Technical Analysis – UK 100 index swings to all-time high May 9, 2024
- GBP/USD: trading plan for the US session on May 9th (analysis of morning deals). The pound continues to be held within the May 9, 2024
- EUR/USD: trading plan for the US session on May 9th (analysis of morning deals). The euro rebounded from 1.0726 May 9, 2024
- EUR/USD. May 9th. Bulls have exhausted their strength May 9, 2024
- GBP/USD. May 9th. Bulls fear Bailey’s “soft” rhetoric May 9, 2024
- Midweek Technical Look – EURUSD, Gold, US 500 May 9, 2024
- Technical Analysis – EURCHF flirts with uptrend line May 9, 2024
- Technical Analysis – EURGBP runs out of steam near 0.8600 May 9, 2024
- Forex forecast 05/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin from Sebastian Seliga May 9, 2024
- USD/JPY: trading tips for beginners for European session on May 9 May 9, 2024
- Technical Analysis – USDJPY advances after bouncing off 50-day SMA May 9, 2024
- Market Comment – Pound slides ahead of Bank of England decision May 9, 2024
- Technical Analysis – NZDUSD bulls face strong resistance May 9, 2024
- GBP/USD: trading tips for beginners for European session on May 9 May 9, 2024
- EUR/USD: trading tips for beginners for European session on May 9 May 9, 2024
- Key events on May 9: fundamental analysis for beginners May 9, 2024
Overview
As it was expected yesterday, the metal would reverse its bearish move to start its upward direction and open its way towards 23.00 in case of closing 4H below the Resistance level 22.00. Today and as shown from the today’s H4 chart the metal already took a bullish move after it has managed to break the Resistance level 22.00 yesterday and closed above it. But immediately it bounced again from thr Resistance level 23.00 and currently is trading below it and above the Support level 22.00. So waiting is prefered now till closing above the next Resistance level in case of the metal tests it again to open the way towards 23.75 as a first target.
Resistance and support levels: R3 (24.40) R2 (23.90) R1 (23.00) S1 (22.00) S2 (21.00)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: