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Silver Bullish Structure Remains Intact. 34.30/50 Insight

2012-11-26 13:57:16 (читать в оригинале)

 

Technical Outlook and Chart Setups:

Now silver remains just shy of the measured resistance level at 34.30. It is expected to spike and take off the resistance any moment. Next resistance is around the 35.00 level while support is spread from 33.30 (past resistance turned support) through 32.50 region. Please note that 32.00 remains the key support level or the bulls to stay in control for a long reversal possibility. It is recommended to book partial profits at each resistance level. Looking higher from here on.

Trading Recommendations:

 

Hold on to long positions taken early (30.80 region), book partial profits, move stop to 32.00 level, and target is open.

Good Luck!

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