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*

Daily analysis of Silver for November 21, 2014

SILVER_21-11.png


Overview


In today's H4 chart, the metal is still trading between the support level of 16.00 and below the resistance level of 16.50. After its failure to break the resistance level yesterday and the bounce from it, it took a slight downward move. Currently, it is retesting the support level of 16.00 again. At present, we suggest waiting for closing above the resistance level of 16.50 in case of bouncing from the support level to give us a new opportunity for more buy signals with the first target few pips below the resistance level of 16.75, then after breaking this resistance level, silver would open the way towards the resistance level of 17.00, which means more bullish signals.


Resistance and support levels: R3(17.00), R2(16.75), R1(16.50), S1(16.00), S2(15.70), S3(15.40)


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