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| Technical Analysis for Silver 15-7-2015 |
Silver moved yesterday in the average movement of 23 cent, its highest level at 15.49 and the lowest price at 15.26 and closed at 15.32 to Lose 15 Cent according to yesterday’s economic data.
Silver opened today's trading at 15.34 volatile between 15.31 and 15.37 during the Asian session trading at 6 cents for the poor liquidity in the market range, and the gold went down to 15.27 in the European session.
Silver moves in a series of down correction waves
We saw the silver achieved our target at 15.23
It is expected that the silver is heading targeting 15.12 as the target on time frame of four hours and till now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.22 and 15.12 and 14.99
Resistance levels: 15.45 and 15.58 and 15.68
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