Silver track tightens gradually 23/04/2013

Economies.com
2013-04-23 05:27AM UTC

The intraday chart for silver’s trading shows that the price move becomes tighter gradually between the triangle lines which appear in the image, and the lines of this triangle are represented by 23.05 support and 23.75 resistance, therefore, the intraday trend issue depends on surpassing one of these levels.

 

Breaking the mentioned support will lead to target initially 22.45 then 22.00, while breaching above the resistance will open the way to retest 26.10

 

Expected trading range for today is between: 21.50 support and 25.00 resistance.

 

Expected trend for today: Depends on the abovementioned levels

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