http://prntscr.com/3u94ah
analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle SILVER on the date 6 / 18 / 2014
OPEN 19.700
HIGH 19.875
LOW 19.630
CLOSED 19.855
The third resistance (R3) 19.875 - ( 19.787 - 19.630 = 0.157 x 2 = 0.313 )= 20.188
The second Resistance (R2) 19.787 + 19.875 - 19.630 = 20.032
First resistance (R1) 19.787 x 2 = 39.573 - 19.630 = 19.943
pivot points 19.875 + 19.630 + 19.855 = 59.360 / 3 = 19.787
Support for the first (S1) 19.787 x 2 = 39.57 - 19.88 = 19.698
Support second (S2) 19.787 - ( 19.875 - 19.630 = 0.245 ) = 19.542
Third Support (S3) 19.630 - ( 19.875 - 19.787 = 0.088 x 2 = 0.177 )= 19.453