Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Friday, November 4, 2011

Silver Technical Analysis 2011.11.04

Bullish set-up on Silver

Here is an interesting chart of SILVER. I don’t usually watch this chart but this is a set-up that is worth my attention. First of all the $32.73 support level was a previous resistance and this seems to be really strong.

The up-swing in late October retraced about 50% and bounced off the main support ($32.73). The bullish target is set in the $37.81 resistance zone, by projecting the previous up-move from the $32.73 level in the trend direction (up). Moreover, the $37.81 zone is important due to the early august low.

The first target, however, is set by the late October highs, in the $35.40 area.


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