December 26, 2013

SILVER Ascending triangle

  • Ascending triangle discussed below has resolved in favor of silver bulls

  • Silver one hour getting resisted at 200 Hour SMA.
  • One hour also looks like an ascending triangle. Pattern needs a close above 200 Hour SMA for  a bigger up move to happen. Closing below the rising support line may lead to 19.30 and 19.10 levels.

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