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May
04
TECHNICAL ANALYSIS BY NSFX 04.05.2014
By:
High: Low:
The shiny metal found resistance against all the relevant moving averages but rose above the dynamic resistance that links lower highs. A confirmation of the breakout might lift the commodity to 1330 and then to 1388. Below 1266 selling pressure might accelerate to 1235 and then a bearish intermediate target would be 1183.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |