May 15, 2012

SILVER Trend update



  • Silver four hour chart with 20 period SMA Shows the strength of this trend. Price unable to trade above this level.
  • Price is also moving down in a channel unless price trades above the resistance line of the channel. Trend will continue to be strong on the down side.
  • Price is also testing a crucial support line in weekly chart. If the line does not hold then the correction will extend. Bulls of silver should hope for a false violation of the support line followed by an up move.


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3 comments:

  1. nifty.senseMay 15, 2012 at 5:46 PM

    hi....can i share my charts with u here ????

    ReplyDelete
  2. SanMay 15, 2012 at 6:54 PM

    @nifty.sense
    Yes you can Sir.

    ReplyDelete
  3. nifty.senseMay 16, 2012 at 10:23 AM

    sir...thanx for the opportunity....but how can i upload my charts ?? plz. guide ....regards!

    ReplyDelete

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