Thursday, September 26, 2013

SILVER‏ (Spot) intraday: key ST resistance at 21.95

Pivot: 21.95

Our preference: SHORT positions below 21.95 with 21.5 & 21.2 as next targets.

Alternative scenario: The upside penetration of 21.95 will call for a rebound towards 22.45 & 23.

Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
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