Silver spot MT: bullish bias above 21.8000.

Trading Central 2021-01-14 13:49:05

Pivot: 21.8000

Our preference: long positions above 21.8000 with targets at 30.0000 & 33.0000 in extension.

Alternative scenario: below 21.8000 look for further downside with 18.7000 & 16.7000 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

35.6000 **

33.0000 **

30.0000 ***

25.2688 Last

21.8000 ***

18.7000 ***

16.7000 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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