Wednesday, 8 February 2012

MAR SILVER


Resist: 34.40, 34.96+
Supprt: 33.39, 32.95, 32.65*
Comment: The market is bullish and punch over last week’s high should send rallies near 34.96. A close over 35.39 is bullish. Trade could hang in near term corrective congestion today, but holding the congestion levels of the past week has trade ready for rallies. 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 31.07* is needed for a lasting bear turnover.

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