Tuesday, 7 February 2012

MAR SILVER

Resist: 34.14-34.40, 34.95+
Supprt: 33.09-32.95, 32.65*, 32.17
Comment: The market is bullish and punch over last week’s high should send rallies near 34.95. A close over 35.39 is bullish. Fri-Monday’s pullback hints for near term corrective dips, but trade should fight to hold within the congestion levels of the past week. A slip under 32.95 hints for harder corrections, but a close under 32.65* is the trigger for a multi-day corrective break. A close under 31.08* is needed for a lasting bear turnover.

No comments:

Post a Comment