OVERVIEW:
COMEX Silver is in pessimistic trend , there's smart terms line get away expected .If Silver breaks the amount of 17.30 then additional draw back movement is predicted to check the amount of 17.01 draw back.
INDICATORS:
Its RSI is sustaining below the 50's levels & will check 30's level indicating the additional draw back movement within the trade goods.
TRADING STRATEGY:
Silver is weak on chart. If Silver breaks the extent of 17.30 draw back, then it will check the extent of 17.01. One will choose sell on higher level strategy for this combine for intra day to middle term positions.
R2
|
R1
|
S1
|
S2
|
|
| GOLD |
1235.00
|
1228.20
|
1206.75
|
1192.70
|
| SILVER |
18.23
|
18.01
|
17.30
|
17.07
|
| CRUDE OIL |
96.01
|
95.22
|
91.92
|
90.72
|
| COPPER |
3.1019
|
3.0631
|
2.9985
|
2.9558
|
| NATURAL GAS |
4.1580
|
4.0950
|
3.9550
|
3.8700
|
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