Daily Update Silver(15/6/12)

Today's Scenario:

Market packed in a range between 29.06-28.30 with a downside bias.This corrective price movement has a great chance of ending near the 29.30-29.50 area.Support at 27.70-27.50 .Resistance at 29.94-30.26.A rise above 29.94 would turn the trend neutral to bullish .Have a great trading day ahead.