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NZD

Pressured, Trade Balance On Tap

MNI

Coming up in the Asia-Pac session on Tuesday

USDCAD TECHS

Pullback Considered Corrective

ASIA

Coming up in the Asia-Pac session on Tuesday

AUDUSD TECHS

Gains Appear To Be A Correction

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Trend Needle Points North

SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 3 and the bull trigger
  • PRICE: $23.698 @ 08:04 GMT Jan 27
  • SUP 1: $22.988 - 50-day EMA
  • SUP 2: $22.557 - Low Dec 16 and key short-term support
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

Silver continues to trade inside a range. The trend direction remains up and moving average studies are in a bull mode position. Fresh trend highs in December reinforced the positive theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support is at $22.557, the Dec 16 low.

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  • RES 4: $26.002 - High Apr 19
  • RES 3: $25.293 - High Apr 20
  • RES 2: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 1: $24.548 - High Jan 3 and the bull trigger
  • PRICE: $23.698 @ 08:04 GMT Jan 27
  • SUP 1: $22.988 - 50-day EMA
  • SUP 2: $22.557 - Low Dec 16 and key short-term support
  • SUP 3: $20.872 - Low Nov 28
  • SUP 4: $20.585 - Low Nov 21

Silver continues to trade inside a range. The trend direction remains up and moving average studies are in a bull mode position. Fresh trend highs in December reinforced the positive theme. Furthermore, the move higher has maintained the positive price sequence of higher highs and higher lows. The focus is on $24.729, a Fibonacci retracement. Key short-term support is at $22.557, the Dec 16 low.