SILVER (Spot) intraday: the downside prevails.Update on supports and resistances. ( 08/02/2013 13:42 )
Our preference: SHORT positions below 32.15 with targets @ 31.05 & 30.75.
Alternative scenario: The upside penetration of 32.15 will call for 32.45 & 33.
Comment: silver prices have broken below their rising trend line. A consolidation is more likely.
Trend: ST Range; MT Bearish
Key levels Comment
33*** Intraday resistance
32.45** Horizontal resistance
32.15** Intraday pivot point
31.05** Intraday support
30.75* Intraday support
30.15** Intraday support
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