Technical analysis of Silver for November 24, 2015
November 24, 2015 7:10 am
Technical outlook and chart setups:
Silver is beginning to show bullish divergence on the H4 chart (not shown here), and a breakout above the levels of $14.45 will favor bulls. At the moment, prices are testing the resistance line around $14.15. It is recommended to remain flat now and watch for a breakout above the trend line and $14.45 preparing to go long. Immediate support is seen at $13.97 (interim), followed by $13.00 and lower, while resistance is seen at $14.45 followed by $15.00 and higher.
Trading recommendations:
Stay flat now, go long on the breakout at $14.45.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Technical outlook and chart setups:
Silver is beginning to show bullish divergence on the H4 chart (not shown here), and a breakout above the levels of $14.45 will favor bulls. At the moment, prices are testing the resistance line around $14.15. It is recommended to remain flat now and watch for a breakout above the trend line and $14.45 preparing to go long. Immediate support is seen at $13.97 (interim), followed by $13.00 and lower, while resistance is seen at $14.45 followed by $15.00 and higher.
Trading recommendations:
Stay flat now, go long on the breakout at $14.45.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
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