Profit Play Profit Play is Technical Research Company and We Provide PMS Services, Investment and Trading Advise to Our Clients in MCX Commodities and NSE Stocks/Index. We are also traders in MCX and NSE Markets.

SILVER COMEX and SILVER MCX Trading Near to SUPPORT

30 sec read

SILVER MCX
SILVER MCX (2-April-2013) on daily charts seems to be trading near to Strong support zone 51300-51100, As SILVER today has a faced major Correction, Some Relief Rally is likely and Risk and Reward Ration on initiating a Long Position at current Levels will be favorable.

 
From Current Levels (51350) we recommend to Initiate a long position on SILVER MCX with stoploss as 50800 on Closing Basis.

 

Silver COMEX 2-April-2013

SILVER COMEX is Also Trading Near to channel support around 27.20 – 27.25$ and there can be some relief rally in coming days for short term. Immediate Resistance is around 28.20$ and Risk Reward Ratio on while initiating a Long position is always high near to supports.

From Current Levels 27.22$ we Recommend to initiate a Fresh long position. If it Breaks 27$ on closing Basis then SILVER COMEX may head towards lower support levels around 26- 25.90 $

Profit Play Profit Play is Technical Research Company and We Provide PMS Services, Investment and Trading Advise to Our Clients in MCX Commodities and NSE Stocks/Index. We are also traders in MCX and NSE Markets.

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One Reply to “SILVER COMEX and SILVER MCX Trading Near to SUPPORT”

  1. I’ve been following the ETF Silver Pairs (USLV-Long/DSLV -Short) . Started to follow but to late to short but am planing to go long when trend gives a signal. What do you use (TA) for trend following? I use Amibroker.

    Dick

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