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 January 02, 2015.


Technical outlook and chart setups:


Silver re-tests its support region around $15.50/80 levels as depicted on the daily chart view here. Please note that the resistance turned support trend line and fibonacci 0.618 support is also being tested around the same levels. It is recommended to remain long and also look to add further long positions on a bullish bounce here. Immediate support is seen at $15.50, followed by $14.50 and lower while resistance is seen at $16.50 (interim), followed by $17.25/50, $17.80/18.00 and higher respectively. Bulls are expected to regain control around current price levels.


Trading recommendations:


Remain long, stop at $14.25, target is open.


Good luck!




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