Silver Intraday Analysis 02 April 2013

April 2, 2013 6:21 pm0 commentsViews: 18

Silver Rebound Insight

Our Pivot: 27.44

Our Prefernce: Long Positions near 27.60 with stirct stop loss of 27.44 and profit targets at 27.97 and 28.29

Alternative Scenario: Downward penetration of 27.44 will call for 27.15 and 26.91

NOTE: Silve prices have reached in over sold region and a reversal is expected in Silve so buying with stirct stop loss is recommended on dips, Stochastic is indicating a sharp reversal.

Intraday Supports and Resistances:

Pivot: 28.09

Supports: 27.82, 27.58, 27.31

Resistances:28.33, 28.60, 28.84

SL040413

 

 

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