This is the char of Silver Micro. As we can see the price has been falling out from almost a week and have entered in over sold zone the RSI shows a bullish divergence on 4 hour TF. Price can reverse from here and might reach to 68500 level.
- Silver 1D TF
Trading in range and may touch Upper Range.
- DO no t expect it to Break upper range and one more move to lower range is expected
- Commodity price will increase as per news
Silver mic downward flag. Bearies continuation . 4hr time frame
Volume: downwards.
Possibility : High to break down again.
Position to short : 60600 & below.
SL: 61150
Target : SL*2.
Disclaimer: Study purpose only.
Hi,
In Daily chart, Morning star pattern formed and yesterday's bullish candle confirming the reversal of trend. Buy SilverMIC Nov futures at CMP of 60681 to 60750 for a target of 62800 to 63000 in 8-10 trading sessions. Please maintain the stop loss at 59400
silver is close to resistance area given that price failed to break out all times high i assume there is no longer a bullish attack which means we might have a retest on suppot
