Major Pivot: 20.00
GLD1881 preference: Short selling positions below 20 with 19.25 & 18.7 as next targets.
Second scenario: The upside penetration of 20 will call for a rebound towards 20.3 & 20.6.
Comment: silver prices remain within a bearish channel.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
20.6** Previous high
20.3*** Intraday resistance
20** Intraday pivot point
19.52 Last
19.25** Intraday support
18.7** Intraday support
18.2** Intraday support
January 11, 2016