B

Silver Technical Precious Metals (2011-08-18)

Morning Report Silver is inclining gradually and stable above point ( B ) of the suggested Butterfly harmonic structure. We expect the upside move to extend today in attempts to retest 41.10-30. But, the suggested structure is a bearish harmonic structure. Therefore, if the metal reached the mentioned level, it should be watched closely. The trading range for today is among the key support at 38.25 and key resistance now at 42.05 The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact with weekly closing. Previous Report Weekly Report

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.