Published on 16/03/2017 9:31:05 AM | Source: Enrich Commodities India Pvt Ltd

If break and close below trend line at 39500 again silver unstable trend - Enrich Commodities

Posted in Commodities Reports | #Commodity Tips #Silver #Enrich Commodities India Pvt Ltd


SILVER TREND VIEW

Technical view:

I have been looking to the Daily chart in Silver had been reached around 39850 levels. I also recognize that the support trend line around 39650-39500 level underneath it should continue to find support of action. But somewhere near the 39500 level the buyers may very well return. If we can break below support downside fall expected to 37200 for long-term perspective. I would be an extraordinarily bullish sign once break above and close 40500, then it should reach towards 41000-42000 level. I would be suggesting that we can buy support area Because of this, correction moreover ended. If break and close below trend line at 39500 again silver unstable trend reaming negative momentum. Refer Disclaimer Note: if the recommended buy /sell call doesn’t close the day candle above/below the line consider the prescribed call as invalid.

 

 

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