Downside Prevails
Our Pivot: 23.55
Our Preference: Short sell below 23.41 with strict stop loss of 23.55 and profit target at 23.16 with extension towards 23.00.
Alternate Scenario: Upward penetration of 23.55 will call for 23.67 and 23.75.
NOTE: Silver is moving in a bearish price channel and its moving downward after getting resistance from a strong horizontal resistant region.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.