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Silver Consolidation Continues. Looking For Breakout

2012-11-16 11:58:31 (читать в оригинале)

Technical Outlook and Chart Setups:

Silver consolidation continues. Support around 32.15/20 and resistance around 32.75/80 is the trading range for now. It is expected to break higher up soon towards 34.30/50 levels. The overall support range is in the range 31.70 to 32.00. Buying dips as close to the support range are recommended. Resistance begins from 33.40 level and extends through 34.50. Look higher from here on.

Trading Recommendations:

Hold on to long positions taken earlier on, stop at 30.50, and target open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com