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TECHNICAL ANALYSIS(Middy)
2012-04-04 19:17:21

Silver




Midday Report

silver04

Silver attempts to settle below the ascending support level shown above in red, but so far the metal failed to remain below this level and above the critical support of 31.75, but at the same time consolidation below 32.60 and 32.85 drives us to remain neutral today, awaiting the failure of the bullish pattern or the return of the downside movement again.

The trading range for today is among the key support at 31.00 and key resistance now at 33.65.

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 32.15 32.00 31.75 31.25 30.85

Resistance 32.60 32.85 33.00 33.15 33.40

Recommendation Based on the charts and explanations above, we remain neutral awaiting more confirmations

 





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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