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Silver
2012-03-29 19:02:18

Silver




Midday Report

silver29

Silver reached the support level of 31.75, where this level was able to stop the bearishness. Consolidation above this support and the inability of the metal to breach it suggests that the effect of the bullish Butterfly harmonic pattern remains valid. Therefore, our morning expectations remain as they are, especially when RSI is almost within oversold areas.

The trading range for today is among the key support at 31.25 and key resistance now at 34.40.

The short-term trend is to the downside with steady weekly closing below 38.00 targeting 20.05.

***New York Candlesticks***

Previous Report

Weekly Report



Support 31.75 31.25 31.00 30.85 30.30

Resistance 32.10 32.45 32.85 33.00 33.15

Recommendation Our morning expectations remain valid

 





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,343.504,923.50
1oz ABC Bullion Cast Bar
4,440.104,040.10
100g ABC Bullion Bar
14,192.2012,942.20
1kg ABC Bullion Silver
1,702.501,352.50
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