Commodities

Tuesday, 8 April 2014

Silver for a short upmove

Silver ( in $): $19.90 (as  on 7.4.2014)

Technically the trend is down but strong support exists at 19.57 | 18.97 | 18.89 | 18.72 | 18.17, so a pull back rally may be in the offing and going up it will face resistance at 20.23 | 20.67 | 21.79 | 22.18.

Remarks: The trend is down but considering good support area, one can try long position with a stop-loss of 19.30 for a target of 20.23 | 20.67 | 21.79 | 22.18.


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