August 14, 2011

SILVER Weekend Update

  • Silver weekly chart shows price holding on to 20 week moving average on closing basis. 
  • Daily time frame seems to be getting support from 50 DMA.
  • Hour is moving towards resistance in the form of 200 Hour moving average. If price gets resisted here one can remain short. 
  • Price sustaining above 200 Hour moving average can give good gains to silver bulls.
  • AAPL WEEKEND UPDATE
  • DEATH CROSS OF S&P 500
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1 comment:

  1. SimAugust 16, 2011 at 10:44 AM

    I see a move upto USD 47 ( not continuous) but then a breakdown to USD 32 levels . This on daily and weekly.

    Sim

    http://mcx-advisory.blogspot.com/

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