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http://i47.tinypic.com/2s1lz77.png
After touching the lower line of the descending channel the Silver retrace the price, Stochastic also covers slightly before falling again. Trend indicator show the bearishness and break below the 29.60 may trigger the heavy sell off. According to my chart analysis, I prefer to selling the Silver around 30.50 with targets 28.75 and stoploss is above 31.65 might be appropriate for this week.
The sideways still play here but with look to be more bulls again if then the 23.6 fib (30.28) was could be break up by strong bulls candle then. On my see wait and see is better. Truly We can take the Buy OP only after the 23.6 fib (30.28) can be break by strong bulls candle then.
Today(2-1-13 ) pivot point are-
Resistance 3- 31.00
Resistance 2- 30.73
Resistance 1- 30.50
Pivot point- 30.23
Support 1- 30.00
Support 2- 29.73
Support 3- 29.50
Bulls can still play here. I see the price on try to re-test that strong pivot at 30.70. Make plan for buy with use small TP (TP for buy . not more that 30.70 . better idea).
Silver ma main kabhi bhi kam nahi ky ha but as ka rate bhi gold ke tar ha agar gold down ho ga to silver bhi down ho ga.
Bulls still play here. I see the price on try to re-test that strong pivot at 30.70. Make plan for buy with use small TP (TP for buy, not more that 30.70, i think it's better idea)
http://i48.tinypic.com/szx6co.gif
Time frame- H4
as we can see in image that price will break the channel in upper side and now moving continue up side. as per the fibo analysis we can see price will not able to stay at fibo 38.2 so there is major chance price will try to hit upper resistance trend line so we can hold our long trade till 32.35
---------- Post added 01-03-2013 at 04:54 AM ---------- Previous post was 01-02-2013 at 09:04 PM ----------
Today(3-1-13 ) pivot point are-
Resistance 3- 32.36
Resistance 2- 31.92
Resistance 1- 31.47
Pivot point- 31.03
Support 1- 30.58
Support 2- 30.14
Support 3- 29.69
long positions at 30.50 with 30.95 and 31.40 as next targets
the breakout of 30.10 will call for arebound towards 29.50
30.00 स्तर एक महत्वपूर्ण समर्थन में आयोजित किया गया है, और हम एक परिणाम के रूप में लगता है कि यह अभी भी बाजार के एक प्रकार "खरीदने". वास्तव में, हम बुधवार सत्र से highs ऊपर ब्रेकआउट पर खरीदने के लिए तैयार की तुलना में अधिक कर रहे हैं.
its very expensive indeed if you are trading with this kind of commodity you have to know that the market is always very open for you to make some good money from it.