Silver technical levels and trading recommendations for June 17, 2013
June 17, 2013 4:15 pm
Overview
According to our last week expections, the price’s close below the Resistance level 22.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Resistance level to trade below and open the way towards 21.50 as first target, then the metal must test the Support level 21.00 to get more bearish move till reaching 20.50 as second target. On the other hand, the metal’s rebound from the Support level 21.50 cancels bearish scenario.
Resistance and support levels: R3 (23.00), R2 (22.50), R1 (22.00), S1 (21.50), S2 (21.00)
The material has been provided by InstaForex Company – www.instaforex.com
Overview
According to our last week expections, the price’s close below the Resistance level 22.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Resistance level to trade below and open the way towards 21.50 as first target, then the metal must test the Support level 21.00 to get more bearish move till reaching 20.50 as second target. On the other hand, the metal’s rebound from the Support level 21.50 cancels bearish scenario.
Resistance and support levels: R3 (23.00), R2 (22.50), R1 (22.00), S1 (21.50), S2 (21.00)
The material has been provided by InstaForex Company – www.instaforex.com
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