SILVER confirmed a relatively strong closing on Friday but only a daily closing above 35,70 will support higher levels.
The indicators of the daily chart are positive but those of the weekly one remain below the line. The indicators of the s/t charts are mixed suggesting further consolidation with however a negative bias. In fact in the hourly chart we have potential negative reversals and only a move above 35,50 will abort this scenery.
We favour more consolidation and this could favour another test on the downside toward the support line at 33,20!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/SILVER-10.14.pdf
FUTURE TREND RESEARCH