MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of Silver for December 18, 2014


Technical outlook and chart setups:


Silver has remained steady after bouncing off the $15.50/60 levels as seen here. The metal is expected to continue rallying further towards $17.50 levels at least. It is recommended to continue holding long positions for now, risk remains below $14.50 levels. As discussed earlier, the metal may be forming a right shoulder of a potential inverted head and shoulder reversal. Immediate support is seen at $15.50 levels (interim), followed by $14.50 and lower while resistance is seen at $16.60 levels, followed by $17.20/30 and higher up respectively. Bulls should remain in control till prices remain above $14.50 for now.


Trading recommendations:


Remain long for now, stop at $14.50, the target is open.


Good luck!


The material has been provided by InstaForex Company - www.instaforex.com