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Ahad, 11 Mac 2012

Analysis Silver - 9 MAC 1339

SILVER (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 09/03/2012 13:39 )

Pivot: 33.20

Our Preference: LONG positions above 33.2 with targets @ 34.14 & 34.9.

Alternative scenario: The downside penetration of 33.2 will call for a slide towards 32.8 & 32.45.

Comment: supported by a rising trend line.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

35.55** Fib retracement (61.8%)
34.9** Horizontal resistance
34.14** Intraday resistance

33.908 Last

33.2** Intraday pivot point
32.8* Intraday support
32.45** Intraday support


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