The metal is very well supported above the 17.20 area, and here it is, not giving even any chance for a correction looking determined to achieve the 18.20 target. However, we can not confirm that till we see a breach to the 17.70 level, other wise we are still cautious to see if a profit taking wave started to take place around the 17.70.

The trading range is among the key support level at 16.70 and the key resistance level at 18.20

The general trend is to the upside as far as 13.20 remains intact, with targets at 22.00 and 25.00.

Resistance17.45 17.62 17.70 17.89 18.01


No Recommendation.