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Monday, May 5, 2014

Silver - XAGUSD - Weekly Trading Levels & Strategy - 05 May 2014

Silver weekly technical indicators are settling comfortably on support channels as it looks, however RSI has some room for downside...

Best Buy & Supp for the week 19  Resistance 19.34 a break above 19.68 upside target capped @ 20.20 however a crack below 18.66 downside capped @ 18.20

Strategy - Sell @ 19.68 (2 or 3 lots) close momentum short @ 19.34 and 19 hold another for 18.70

Now @ 19.57
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