August 1, 2011

Falling Wedge of SILVER

CHART-II (UPDATED)
  • Falling wedge has given a breakout in favor of bulls. Price has resistance at 40.30 levels, Trading above this level can extend gains for bulls.
CHART-I
  • Falling wedge of silver in hour chart.
  • Price breaking above the resistance line may take silver above 40 levels again.
  • Price breaking the support line will negate the falling wedge 

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