July 20, 2011

SILVER Head and shoulders

  • Silver hour may form a head and shoulders pattern if price gets support near 37.80 - 37.90  level.
  • Price is sustaining below 50 Hour moving average which will favor a bearish trade.
  • Price breaking 37.80 level will make the HNS invalid and lead to a deeper cut in silver
  • SILVER - Negative Divergence

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