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Fundamentals
Fundamental analysis for precious metals silver - 7/18/2008
18 Jul, 2008 @ 03:21 am EST
Trading remains in the ascending channly despite the fall yesterday and rebounding from the key support of the channel will allow the metal to incline today. However, this will only happen if trading remains above 18.30 or better yet above 18.35 which is the neckline for the upside trend which is currently targeting 20.10.
The trading range is seen among 17.90 support levels and 19.35 resistance levels.
The general trend is to the upside as far as 14.50 remains intact with target at 20.90
| Support | 18.45 | 18.35 | 18.30 | 18.20 | 17.90 |
| Resistance | 18.75 | 18.90 | 19.00 | 19.35 | 19.60 |
Recommendation | ... | ||||
Comments
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