August 19, 2011

SILVER Trend update

  • Hour of silver is trending up above 50 Hour moving average.
  • Price has good support in the form of an up trend line too.
  • Price yet to close below 50 Hour moving average from 38.80 levels. 
  • So weakness will be seen only if hour candles start to close below 50 Hour moving average.
  • CRUDE OIL NEGATIVE DIVERGENCE TRADE

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