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 May 11, 2015

Technical outlook and chart setups:

Silver is trading around $16.40 now confined into an increasing support and constant resistance type consolidation pattern. The metal should be looking to break above at least $16.60/70 to rally higher. It is hence recommended to remain long with risk at $15.50 now. Immediate support is seen at $16.20 followed by $15.60, $15.30, and lower, while resistance is seen at $16.70 (interim) followed by $17.40/50, $18.40/50, and higher respectively. The rising support consolidation tends to break on the higher side.

Trading recommendations:

Remain long, stop at $15.30 levels, a target is open.

Good luck!


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