Tanalys

SILVER (Spot) intraday: key ST resistance at 21.51

Pivot: 21.51

Our preference: SHORT positions below 21.51 with 21.1 20.85 in sight.

Alternative scenario: The upside penetration of 21.51 will call for a rebound towards 21.9 22.2.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Bullish; MT Range

Key levels Comment

22.2 Intraday resistance

21.9 Intraday resistance

21.51 Intraday pivot point

21.31 Last

21.1 Intraday support

20.85 Intraday support

20.5 Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version