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FxWirePro
Dec 22, 2015 7:48 AM

Silver breaks minor trend line resistance, targets $14.62 Long

Silver/U.S. DollarFXCM

Description

Major resistance - $14.18 (trend line joining $14.62 and $14.29)

The commodity has broken trend line resistance and jumped till $14.31. It is currently trading around $14.23.

Intraday trend is bullish a jump till $14.62 is possible. On the lower side support is around $13.95 and break below targets 13.60.

It is good to buy at dips around $14.15-20 with SL around $13.95 for the TP of $14.62
Comments
UnknownUnicorn326052
There is resistance at 14.30. Wouldn't it be more adviced to enter at 14.35? 14.20 - 14.30 is no man’s Land.
FxWirePro
Entry around $14.20 is good
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