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The silver resided for trading again below $14

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 12, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    XAGUSD Daily 12-01-2016 06-45-09 ص.jpg
    The silver faced difficulty last week to rise above its resisting level at $14.39 which has been formed on last Dec. 28 to be satisfied by reaching $14.35 last Thursday, before retreating again for trading now $13.85 having its daily Parabolic SAR (step 0.02, maximum 0.2) above it for the second consecutive day reading $14.37, after failing to keep a place above its daily SMA50.

    The Silver daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is having now its main line in the oversold area below 20 reading 12.730, while its signal line is still in the neutral region reading 35.175.

    Important levels: Daily MA50 @ $14.19, Daily MA100 @ $14.66 and Daily MA200 @ $15.27


    S1: $13.61
    S2: $12.34
    S3: $11.72
    R1: $14.39
    R2: $14.61
    R3: $15.04

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

    To open your account at Trade-24 - Click here

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