Silver technical levels and trading recommendations for November 21, 2013
November 21, 2013 3:30 pm
Overview
According to yesterday’s expectations, the price’s close below the Support level 20.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Support level 20.20 then 20.00 to trade below and open the way towards 19.70 which is tested right now .Firstly The metal must test this Support level to get more bearish move till reaching 19.40 as second target. On the other hand, the metal’s rebound from the Support level 19.70 cancels bearish scenario.
Resistance and support levels: R3 (21.00) R2 (20.50) R1 (20.20) S1 (19.70) S2 (19.40)
The material has been provided by InstaForex Company – www.instaforex.com
Overview
According to yesterday’s expectations, the price’s close below the Support level 20.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Support level 20.20 then 20.00 to trade below and open the way towards 19.70 which is tested right now .Firstly The metal must test this Support level to get more bearish move till reaching 19.40 as second target. On the other hand, the metal’s rebound from the Support level 19.70 cancels bearish scenario.
Resistance and support levels: R3 (21.00) R2 (20.50) R1 (20.20) S1 (19.70) S2 (19.40)
The material has been provided by InstaForex Company – www.instaforex.com
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