February 27, 2013

SLV Chart analysis

  • SILVER Daily MACD is Aligning for a bounce towards the resistance line shown in the chart.
  • But bulls of slv is approaching resistance levels in 38.2% Fib level and previous support level which may also act as resistance.
  • Unable to stay above 23.6% Fib level may lead to a retest of the recent lows again.

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