XAG/USD

10.03.2014

XAG/USD[You must be registered and logged in to see this image.] Summary Target Level 0.19 Target Period 71 days Stop Level 21.65 [size][font] Analysis Rectangle identified at 07-Mar-21:00 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.19 within the next 71 days. Supporting Indicators Downward sloping Moving Average Resistance Levels [/font][/size] (B) 21.65 Last resistance turning point of Rectangle. [size][font] Support Levels [/font][/size] (A) 0.19 Last support turning point of Rectangle.

[You must be registered and logged in to see this image.]   Chart date range 17-Jan-09:00 GMT -> 10-Mar-01:00 GMT   Data interval 4 hour RSI 34 Candles MA 34 Candles

07.03.2014

XAG/USD[You must be registered and logged in to see this image.] Summary Target Level 21.8023 Target Period 22 hours Stop Level 21.07 [size][font] Analysis Triangle has broken through the resistance line at 06-Mar-17:00 GMT. Possible bullish price movement forecast for the next 22 hours towards 21.802. Supporting Indicators Upward sloping Moving Average Resistance Levels Support Levels [/font][/size] (A) 21.07 Last support turning point of Triangle.

[You must be registered and logged in to see this image.]   Chart date range 21-Feb-21:00 GMT -> 07-Mar-01:00 GMT   Data interval 4 hour RSI 34 Candles MA 34 Candles

06.03.2014
Support: 21.10, 21.00, 20.86, 20.65, 20.50
Resistance: 21.38, 21.50, 21.70, 22.00, 22.13
Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals For those who are willing to bet on stability of 21.38, sell the metal below 21.38 targeting 21.00 and 20.86 with stop-loss above 21.70

28.02.2014
Silver
The sharp drop yesterday pushed the metal below the first target of the bullish harmonic Bat Pattern threatening extending its effect and shows the possibility of stabilizing at the first extended target of the pattern represented in 78.6% correction at 22.13.
But we prefer to wait, as Linear Regression Indicators are still positive and might support the positive return if the price stabilized again above 21.38. Therefore, we remain neutral today waiting for confirmation signals.
Support: 21.00, 20.86, 20.65, 20.50, 20.34
Resistance: 21.38, 21.50, 21.70, 22.00, 22.13
Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals For those who wish to benefit from breaking 21.38 and bet on reversing Linear Regression Indicators to negative before it actually happens, its possible to sell the metal below 21.38 targeting 21.00 and 20.86 with stop-loss above 21.70.

21.02.2014

Support: 21.38, 21.10, 21.00, 20.86, 20.65
Resistance: 21.70, 22.13, 22.57, 22.80, 23.08
Recommendation Long the metal around 21.38, targets at 21.70 and 22.13 and 22.80. Stop loss below 20.80.

20.02.2014

XAG/USD[You must be registered and logged in to see this image.] Summary Target Level 23.3395 Target Period 24 days Stop Level 17.5256 Analysis Approaching Resistance level of 23.34 identified at 17-Feb-05:00 GMT

[You must be registered and logged in to see this image.]   Chart date range 12-May-05:00 GMT -> 19-Feb-05:00 GMT   Data interval Daily RSI 34 Candles MA 34 Candles