Downside Prevails
Our Pivot: 19.24
Our Preference: Start short selling Silver below 19.03 with strict stop loss of 19.24 and profit target at 18.70 with extension towards 18.50.
Alternate Scenario: Upward penetration of 19.24 will call for 19.42 and 19.55.
NOTE: Silver is being capped by a strong horizontal resistant region along with a descending trend line.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.