Technical analysis of Silver for November 30, 2015
November 30, 2015 1:20 pm
Technical outlook and chart setups:
Silver is seen to be trading at the $14.11 levels for now, holding above its recent lows at $13.93. The metal has just went towards $14.40 levels last week before dropping, and the level of $13.93 holds well. A bullish reversal could be possible soon. It is recommended to remain flat for now until enough proof is seen. Immediate support is seen at the $13.93 levels, while resistance is seen at the $14.80/90 levels. Bullish divergence is seen in larger time frames, indicating that a potential turn around could be near.
Trading recommendations:
Remain flat for now.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Technical outlook and chart setups:
Silver is seen to be trading at the $14.11 levels for now, holding above its recent lows at $13.93. The metal has just went towards $14.40 levels last week before dropping, and the level of $13.93 holds well. A bullish reversal could be possible soon. It is recommended to remain flat for now until enough proof is seen. Immediate support is seen at the $13.93 levels, while resistance is seen at the $14.80/90 levels. Bullish divergence is seen in larger time frames, indicating that a potential turn around could be near.
Trading recommendations:
Remain flat for now.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
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