January 10, 2012

SILVER above resistance line below 50 SMA

  • SILVER Violates the down trend line. But price is still below 50 Day SMA.
  • There is a price cluster between 30.90 - 31.20 levels which acted as support previously and may act as resistance now.
  • For the up move to sustain price has to trade above 50 Day SMA and the above mentioned price cluster.
  • Price Falling back below the down trend line will be bearish.
  • CRUDE OIL TESTING RESISTANCE BAND


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