August 24, 2011

SLV Trend update

  • SLV hour is approaching a gap and 50 Hour moving average.
  • So for bears to extend the gain they have to break and close below 50 Hour moving average and the GAP.
  • Price staying below 41.19 will be negative.
  • Bulls of SLV should hope that the GAP and 50 Hour moving average acts as support.

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