October 29, 2010

SILVER: Support and resistance lines

CHART-II
  • Breakout from ascending triangle crossed the first resistance at 24.50 and closed above it. the closes seems to be strong, so price may cross 24.91 next week.

CHART-I
  • Silver 4 hour chart with support and resistance lines
  • 24.07 is an important resistance are for silver.
  • above 24.07 main resistances are 24.50 and 24.91.
  • An Ascending triangle has formed in this chart.
  • GOLD MAY GIVE A RALLY ABOVE 1350 CLICK HERE FOR THE CHART

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