Caution
Our Pivot: 21.89
Our Preference: Buy Silver above 21.98 with strict stop loss of 21.89 and profit target at 22.12 with extension towards 22.17.
Alternate Scenario: Downward penetration of 21.77 will call for 21.68.
NOTE: Silver is trying to penetrate below supportive trend line of its triangle and it may try convert momentum towards bearish expansion but as long as its trading above 21.89 bulls would try to manuplate.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.