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TECHNICAL ANALYSIS(Middy)
2012-04-04 08:43:37

Silver




Midday Report

silver03

Silver declined slightly, but it is stable above the support of 32.85, while currently the metal is trading around the level of 33.00. Consolidation above the mentioned level supports the bullish technical structure to affect the metal positively. In general, consolidation above 32.60 and 32.85 are reasons behind our positive outlook of today.

The trading range for today is among the key support at 31.75 and key resistance now at 35.05.

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 32.85 32.60 32.15 32.00 31.75

Resistance 33.40 33.65 34.00 34.30 34.65

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
5,346.104,926.10
1oz ABC Bullion Cast Bar
4,442.304,042.30
100g ABC Bullion Bar
14,199.3012,949.30
1kg ABC Bullion Silver
1,704.501,354.50
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