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Jumaat, 24 Februari 2012

Analysis Silver - 24 Feb 1355

SILVER (Spot) intraday: up turn.
Update on supports and resistances. ( 24/02/2012 13:55 ) 




Pivot: 35.05

Our Preference: LONG positions above 35.05 with 35.6 & 36.25 as next targets.

Alternative scenario: The downside penetration of 35.05 will call for 34.45 & 33.85.

Comment: intraday support around 35.05

Trend: ST Bullish; MT Range

Key levels Comment

36.95**
36.25**
35.6***

35.292 Last

35.05**
34.45***
33.85**


TIPS:

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Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

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