Silver Intra-day Analysis 18th Feb. 2021
Under Pressure
Our Pivot: 27.72
Our Preference: Short sell Silver below 27.49 with strict stop loss of 27.72 and profit target at 27.05 with extension towards 26.84.
Alternate Scenario: Upward penetration of 27.72 will call for 28.00.
NOTE: Silver have retested supportive trend line of its previous bullish price channel as resistance and now its heading for bearish expansion.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 6.3322 | 6.3364 | 6.3583 | 6.3279 |
| USOil | 89.119 | 89.153 | 89.918 | 88.643 |
| UKOil | 91.815 | 91.855 | 94.466 | 89.564 |
| NGAS | 3.1304 | 3.1424 | 3.1466 | 3.1294 |
| WHEATF | 584.59 | 585.69 | 595.31 | 581.2 |
| XAUUSD | 4234.48 | 4235.38 | 4261.22 | 4232.34 |
| XAGUSD | 64.708 | 65.051 | 65.569 | 64.649 |