Articles


  • SILVER - Weekly Report 28/7/2014



    Over daily basis, we can saw high volatility last week that was biased to the downside. Trading was also below the classic resistance at 20.87-20.70 accompanied by downside signals on MACD and AROON.

    Over weekly basis, the outlook is generally negative as far as stability is below 21.19 and stability below 20.87 will be more negative. Te target is at 20.09 at 50% correction followed by 19.74 at 61.8% correction.

    Support 20.55 20.44 20.18 20.09 19.74
    Resistance 20.87 21.08 21.19 21.25 21.39
    Recommendation
    The outlook is negative below 20.87 with the risk-limit above 21.25

    Note: Recommendation at the top of the report


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