Tanalys

Silver spot intraday: bullish bias above 19.85

Pivot: 19.85

Our preference: LONG positions above 19.85 with targets @ 20.5 20.87.

Alternative scenario: The downside penetration of 19.85 will call for a slide towards 19.5 19.14.

Comment: a support base at 19.85 has formed and has allowed for a temporary stabilisation.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

21.28 Intraday resistance

20.87 Intraday resistance

20.5 Intraday resistance

20.091 Last

19.85 Intraday pivot point

19.5 Intraday support

19.14 Intraday support

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version