Silver spot Binary Technical October 25-28 2011

In the last few days, since the 21st October and up now the 25th, Silver prices are climbing. In order to keep the rise the prices will have to go through major support and resistance lines. Attached are the relevant lines for technical analysis.

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

  • Current range: 30.1080 to 32.6410.
  • Further levels in both directions: Below, for PUT Options: 31.4030, 31.0580, 30.7560 and 30.1080.
  • Above, for  CALL options: 31.8960, 32.0190, 32.2340 and 32.6410.
  • Very important support and close enough, at 32.0190
  • Very important resistance is at 30.7560

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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