May 3, 2012

SILVER Support and Resistance levels

  • Silver daily chart shows the falling support lines if the current correction is to stop at the red line we may see a bounce from 30.00 - 30.10 levels. Price falling below 30 means targeting the black line.
  • Four hour chart is shown with resistance lines. 100 Period SMA will act as resistance and the space between 100 and 200 period SMA also will continue to act as resistance.
  • Price is near the golden ratio of daily time frame which may give support.
  • S&P 500 ANALYSIS AFTER CLOSING BELL


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