Main Quotes Calendar Forum
flag

FX.co ★ Silver technical levels and trading recommendations for August 15, 2013

parent
Forex Analysis:::2013-08-15T11:41:19

Silver technical levels and trading recommendations for August 15, 2013

Silver technical levels and trading recommendations for August 15, 2013

Overview

In the today's H4 chart, the metal is still trading below the Resistance level of 22.00 and above the upward trendline. Currently, silver is testing it. So we should wait for closing 4H below the upward trendline to create a new bearish opportunities. In that case the metal might open its way towards the Support level of 21.80, then we should wait for breaking this Support level to continue the bearish move, so we can consider our first target few pips above this Support level, after that we should wait till reaching the support level of 21.50 as the second target.

Resistance and support levels: R3 (22.90), R2 (22.50), R1 (22.05), S1 (21.80), S2 (21.50), S3 (21.20).

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...