Silver spot Binary Technical November 14-18 2011

Silver spot only had slight changes the past week. Here is our technical analysis for the upcoming week of  14th Nov. with a wider overview and support and resistance lines further away.

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Here are the support and resistance lines the could produce great binary option trading opportunities:

  • Current range: 27.9340 to 40.6760.
  • Further levels in both directions: Below, for PUT Options: 33.4030, 32.5070, 30.2610, 28.9930 and 27.934020.
  • Above, for  CALL options: 34.8350, 35.6550, 36.5900, 38.0250 and 40.6760.
  • Very important support but still a bit  far, at 36.5900
  • Very important resistance is at 30.2610

Click here to enlarge the graph.

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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

More on Gold Binary Options, read our weekly gold binary options setup.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

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