Wednesday 24 April 2013

Silver Technical Levels For April 24, 2013

The H4 chart demonstrates today that silver is still trading between the Support level 23.00 and the Resistance level 23.90 after its failure to close 4H below the Support level yesterday. Given that silver manages to close 4H below the Support level 23.00 and takes a downward move till reaching the Support level 22.50, it provides a good opportunity to sell below the Support level after closing 4H below it. After that we should wait for breaking out of this Support level to continue the bearish move. In case silver is able to break the Support level of 22.50 and closes 4H below, we will get a bearish strength, which will provide new sell signals and enable the Support level of 22.00 as a target level. On the other hand, if silver reverses its bearish move and takes an upward direction after its failure to break the Support level 23.00 This article excerpt was copied from STOCK TRKR, Visit the site and read more at: http://www.stock-trkr.co.uk/silver-technical-levels-april-24-2013

No comments:

Post a Comment

comments are moderated so dont bother with the link spamming it will be deleted