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

BetOnMarkets Daily Market Report (24th April)

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    Gold recovery back on track
Morning Report: 08.30 London

This morning there is a positive bias as stock markets rise at the open and gold erases most of yesterday’s gains.



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 The yen pairs are showing signs of strength as risk appetite returns.


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 Dollar pairs are mixed though, with the AUD/USD lagging the NZD/USD after weaker than expected CPI numbers.


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Coming up today:

Coming up today we have German ifo business climate at 09.00, with a dip expected.
 In the UK, CPI realised sales are released at 11.00.

 From 13.30, we have US core durable goods, which are expected to rise by 0.5%.


Bet Idea:

• The euro is still struggling today despite expectations that an Italian interim Prime Minister will be elected. Market expectations for the ECB may have got to far ahead of themselves, meaning some potential downside here for the EUR/USD.


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A LOWER trade predicting that the EUR/USD closes below 1.2950 in 5 days time could return 174% if successful.

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.

Summary


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