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| Technical Analysis for Silver 21-7-2015 |
Silver moved Yesterday in the average movement of 49 cent, its highest level at 15.00 and the lowest price at 14.51 and closed at 14.63 to Lose 20 Cent according to yesterday's economic data.
Silver opened today's trading at 14.65 volatile between 14.63 and 14.77 during the Asian session trading at 14 Cents for the poor liquidity in the market range, and in the European session the silver went up to 14.86
Silver moves in a series of down correction waves below the trend line
It is expected that the silver is heading targeting 15.00 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 14.42 and 14.22 and 13.93
Resistance levels: 14.91 and 15.20 and 15.40
Resistance levels: 50.84 and 51.73 and 52.23
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