Pivot levels today:
R3: 23.65
R2: 23.23
R1: 22.96
PP: 22.54
S1: 22.27
S2: 21.85
S3: 21.58
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 21.85.
Pivot levels today:
R3: 23.65
R2: 23.23
R1: 22.96
PP: 22.54
S1: 22.27
S2: 21.85
S3: 21.58
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 21.85.
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Silver ahs to face some more down trend this week as Dollar Index is rising heavily.
So create short position in silver around 22.7 for a target of 22 and 21.3.
If it breaks $21.3 with good volume then Only God can save from free fall of Silver.
SILVER (Spot) intraday: key ST resistance at 22.8
Pivot: 22.80
Our preference: SHORT positions below 22.8 with targets @ 22.1 & 21.8.
Alternative scenario: The upside breakout of 22.8 will open the way to 23.05 & 23.5.
Comment: as long as 22.8 is resistance, likely decline to 22.1.
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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
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we can see in the 1h chart
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 22.605 and our target will 170pips
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elliott correction zigzag 22.92 it should try up to 22.76 - 22.96 entry point 22.55 or 22.41 after this rise a correction is expected
supports aresistances
res2 23.24
res1 22.96
pivot 22.55
sup1 22.27
sup2 21.86
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SILVER,H1
Date 2013.05.17
Time 02:00
Open 22.595
High 22.615
Low 22.595
Close 22.610
Volume 66
SMA(5) 22.636
SMA(10) 22.661
SMA(20) 22.532
SMA(50) 22.749
SMA(100) 23.170
SAR 22.290
Indicator window 1
Stoch(5,3,3) 21.8182
Signal 31.2774
Indicator window 2
RSI(14) 49.0116
Indicator window 3
MACD(12,26,9) -0.0162
Signal -0.0435
Indicator window 4
%R(14) -27.7778
based on combination of indicators above,
trend : NEUTRAL
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Silver : Mostly the risk of a down****e.
Our point spread is at the level of 22.80( above the horizontal level of resistance).
- opinion: SELL below 22.8 with the target points 22 and 21.8.
Alternative scenario: a breakthrough level of up 22.8 will open the way to 23.05 and 23.5.
Analysis : In the short term, the trend is downward with a strong bearish dynamics.
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gold k sath sath silver b selling me he or ye pichlay 6 months se selling me arah he silver k trader bohat parayshan hen jinhon ne is ko by kia huwa he .
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SILVER (Spot) intraday: the downside prevails.
Pivot: 22.80
Our preference: SHORT positions below 22.8 with 22 & 21.8 in sight.
Alternative scenario: The upside penetration of 22.8 will call for 23.05 & 23.5.
Comment: the immediate trend remains down and the momentum is strong.
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