Silver

Put the price of silver more negative pressure to support the sideway range to achieve a breach of this support, and opens the way to a bearish trading instantaneous potential, and the main target is around 22.00 for the day


The trading range expected for today is between: Support22.00 and resistance 24.60
General tendency expected for today: DOWN

Silver: key resistance at 23.00.Our pivot point stands at 23.00.- Opinion: Short positions below 23.00 with targets 22.6 and 22.45 (selling to open after the current northern correction).Alternative scenario: The upside penetration of 23.00 will call for 23.85 and 24.18.Analysis: In the short term, the trend is still downward at a steady downward momentum.

I see the pair will go to down way to 22.505
stochastic refers that the pair will go down
so our target sell from 22.705 and our target will 200pips

:good::respect::woo:

I see the pair will go to down way to 22.505
stochastic refers that the pair will go down
so our target sell from 22.605 and our target will 100pips


:good::respect:

hi silver I see the pair will go to up way to 22.755
stochastic refers that the pair will go up
so our target buy from 22.555 and our target will 200pips
Good luck

SILVER,H1
Date 2013.05.16
Time 01:00

Spoiler:

http://charts.mql5.com/1/561/silver-...orex-group.png

Open 22.565
High 22.605
Low 22.535
Close 22.565
Volume 368
SMA(5) 22.546
SMA(10) 22.637
SMA(20) 22.833
SMA(50) 23.231
SMA(100) 23.429
SAR 22.661

Indicator window 1
Stoch(5,3,3) 30.9942
Signal 21.4977

Indicator window 2
RSI(14) 32.3281

Indicator window 3
MACD(12,26,9) -0.2059
Signal -0.1978

Indicator window 4
%R(14) -83.7838

based on combination of indicators above,
trend : BEARISH

we can see in the 4h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 22.435
stochastic refers that the pair will go down
so our target sell from 22.535 and our target will 100ips
good luck

:good::respect::woo:

Pivot levels today:
R3: 24.19
R2: 23.83
R1: 23.22
PP: 22.86
S1: 22.25
S2: 21.89
S3: 21.28
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 21.89.

today i like to buy silver @ 22.05 to 22.30 range
my stop loss @ 21.95
half take profit @ 22.67
and half @ 24.10

Silver pivot levels by using fibonacci pivot indicator.

r3: 23.80
r2: 23.43
r1: 23.20

pivot : 22.82

s1: 22.45
s2: 22.22
s3: 21.84