Silver technical levels and trading recommendations for July 09, 2013
July 10, 2013 6:58 am
Overview
From today’s H4 chart, the metal is still trading between the Support level 18.55 and below the Resistance level 19.55 after it failed to break the Resistance level yesterday and bounced from it to take a slightly downward move. Currently, it is approaching the Support level 18.55 again. Presently we suggest waiting for closing above the Resistance level 19.55 in case of bouncing from the Support level to give us a new opportunity for more buy signals with the first target few pips below the Resistance level 20.15, then after breaking this Resistance level silver would open the way towards the Resistance level 20.50, which means more bullish signals.
Resistance and support levels: R3 (20.50) R2 (20.15) R1 (19.55) S1 (18.55) S2 (18.30)
The material has been provided by InstaForex Company – www.instaforex.com
Overview
From today’s H4 chart, the metal is still trading between the Support level 18.55 and below the Resistance level 19.55 after it failed to break the Resistance level yesterday and bounced from it to take a slightly downward move. Currently, it is approaching the Support level 18.55 again. Presently we suggest waiting for closing above the Resistance level 19.55 in case of bouncing from the Support level to give us a new opportunity for more buy signals with the first target few pips below the Resistance level 20.15, then after breaking this Resistance level silver would open the way towards the Resistance level 20.50, which means more bullish signals.
Resistance and support levels: R3 (20.50) R2 (20.15) R1 (19.55) S1 (18.55) S2 (18.30)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: