Clears Resistance
Apr-19 07:26By: Taso Anastasiou
Oil Bullets+ 1
- RES 4: $27.831 - High Jun 16 2021
- RES 3: $27.245 - High Jun 17 2021
- RES 2: $26.943 - High Mar 8 and the bull trigger
- RES 1: $26.222 - High Apr 18
- PRICE: $25.850 @ 08:23 BST Apr 19
- SUP 1: $24.750/23.974 - 50-day EMA / Low Mar 29 and bear trigger
- SUP 2: $23.850 - Low Feb 24
- SUP 3: $23.173 76.4% retracement of the Feb 3 - Mar 8 rally
- SUP 4: $23.082 - Low Feb 15
Silver resistance $25.847, the Mar 24 high, has been breached, reinforcing current bullish conditions. This also marks an extension from $23.974, the Mar 29 low and also highlights the fact that the 50-day EMA provided support recently. The average intersects at $24.750 today. A continuation higher would open $26.943, the Mar 8 high and a bull trigger. Initial firm support lies at $24.750.
