Thursday, 19 April 2012

MAY SILVER


Resist: 31.95, 32.40*, 33.50*
Supprt: 31.14-30.99, 30.62*
Comment: The market is still in a bear formation and downturn from flagging corrections still targets a selling wave to test against the 30.62* weekly support level. Use a drop under the congestion lows to release pressing declines against 30.62*. A close over 32.40* triggers a bull turn and should boost retracements back over 32.95+, likely sending a climb to challenge 33.50* for a larger upturn.

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