Thursday, November 3, 2011

silver level in comex for a short term

                                    Pivot: 38.65                                                                    

Our Preference: Bearish below 38.65 with targets @ 27 & 23.5 in extension.
Alternative Scenario: Above 38.65 eye a bounce towards 43.4 and 50 in ext.

Comment: the price remains below its 200D MA.

Key levels Comment

50 Round number
43.4 Horizontal resistance
38.65 Pivot point
33.85 Last
27 Horizontal support
23.5 Horizontal support
20 Horizontal support







            

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