elliott correction zigzag 27.37 it looks more likely that it would rise to 27.93 - 28.24 from or 27.42 after which a down side move is expected
support and resistances
res2 28.24
res1 27.93
pivot 27.73
sup1 27.42
sup2 27.22
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elliott correction zigzag 27.37 it looks more likely that it would rise to 27.93 - 28.24 from or 27.42 after which a down side move is expected
support and resistances
res2 28.24
res1 27.93
pivot 27.73
sup1 27.42
sup2 27.22
now sellers dominate the silver market. ranging from monthly seller, sellers daily. the greatest probability is sell. but buyers still dominate the market weekly. safely sell if the price moved through buyer-seller weekly balance. use your favorite strategies and only take sell signals. price limits are 27.46 and 27.75
Today i like to buy silver @ 27.50
my stop loss for today is @ 27.19
half take profit @ 27.65
and half @ 27.77
SILVER (Spot) intraday: under pressure.
Pivot: 27.70
Our preference: SHORT positions below 27.7 with 27.1 & 26.95 as next targets.
Alternative scenario: The upside breakout of 27.7 will open the way to 27.85 & 28.1.
Comment: the RSI is bearish and calls for further decline.
Silver analysis for 04.12.2013 by using pivot indicator.
r3: 28.28
r2: 28.06
r1: 27.85
pivot: 27.63
s1: 27.42
s2: 27.20
s3: 26.99
elliott correction zigzag it should test 27.69 area whichh a sell off down to 27.42 or extended to 26.98 area is expected
support and resistances
res2 28.08
res1 27.87
pivot 27.64
sup1 27.42
sup2 27.19
The white metal has experienced the same decline, due to a setback yesterday apparently pared in late U.S. trade. However, Friday is different, because the price of silver has fallen during the European trade. In fact, at this moment, silver traded at session lows at USD $ 27.52 per ounce.
:)))
moving under the level of 30.00 as we can see from the chart ,
I think the down trend is still standing and the pair might head to 28.00 and then 27.50 how ever the pair made any hourly correction
:yahoo:
Main ye thread SILVER ke discussion ke liye bana raha h or is ki tead kar k me earning hasil krna chahta hn
elliott common flat resistances in down trend 26.66 market should not go lower than 26.12 - 25.59 after this move down it should go up to 26.95 - 27.24 area
support and resistances
res2 28.300
res1 27.24
pivot 26.65
sup1 25.59
sup2 25.01