December 24, 2014

MCX SILVER charts

Monthly charts: trend is down with resistance at 40000


Weekly charts: trend is down and will revert to buy on close above 40000


Daily charts: SILVER is getting good support at lower levels (sub 34000). However sustaining above 36000 is important for any further upsides. Note strong resistance at 39000 on daily charts and 40000 on weekly/ monthly charts.


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