Condizioni di trading
Strumenti
Technical outlook and chart setups:
Silver is seen to be trading at $19.60 levels for now, after having bottomed out around $19.30 levels yesterday. Please note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. The metal looks poised to rally from here towards at least $20.40/50 levels as depicted on the hourly chart here. Bulls are expected to remain in control in the short term, before the metal carves out a lower top ahead of $21.13 levels. Please also note that a meaningful top is already in place at $21.13 levels and that prices should remain well capped below the same level. The wave structure also indicates that a flat trend is underway and the metal is expected to turn lower from around $20.50/80 levels. It is recommended to remain flat for now and look to go short at higher levels; aggressive traders may remain long with risk below $19.25 levels. Immediate interim support is seen at $19.20 levels, while resistance is at $21.13 levels respectively.
Trading recommendations:
No change. Aggressive traders may remain long, stop below $19.25. Conservative traders look to go short at $20.50/80 levels.
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.