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FX.co ★ Silver Rally Expected To Continue

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Forex Analysis:::2012-07-16T08:13:56

Silver Rally Expected To Continue

Silver Rally Expected To Continue

Technical Outlook and Chart Setup:
The above wave structure represents an expected upswing opportunity. Until the time prices are above 26.00 level, we recommend buying on dips. The immediate support comes at sub 26.00 level. Buying on intraday dips would be a good trade strategy for now. Minimum upside extensions are 29.90/30.00 levels.
Trading Recommendations:
Stop below 26.00, stay long from Friday recommendations, and target 29.90 at least.

Good Luck!

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