December 15, 2010

SILVER Support and resistance lines

  • Silver four hour chart is trading close to an important support and resistance line.
  • 28.01 level can give support for silver in case of a correction, 29.98 level is the resistance level for silver.
  • Price is trading close to the apex of a triangle like pattern which may give good direction soon. In case of a breakout the above mentioned levels should break for getting good direction.

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