InstaForex - Analytics

    InstaForex

    736.75 6.25/10
    62% of positive reviews
    Real

    Technical analysis of Silver for July 21, 2015


    Show full picture

    Technical outlook and chart setups:

    Silver is seen to be trading around $14.80 levels at the moment, after having printed interim highs at $15.00 levels earlier. Please note that the metal seems have hit a low at $14.55 yesterday. A morning star candlestick pattern is also seen on the hourly charts, indicating at least a pullback if not reversal. It is hence recommended to remain long for now, with risk at $14.25. Immediate support is seen at $14.55/60 levels (interim), followed by $14.0, $13.00, and lower while resistance is seen at $15.50 (interim) followed by $15.45, $15.85, and higher respectively.

    Trading recommendations:

    Remain long for now, stop is at $14.25, a target is open.

    Good luck!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree