Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Silver technical outlook for 14th Feb 2012

24 sec read

silver

 
Silver (14.02.2013) to manage gain & moved lower.

Now silver is trading around 57350 ($30.77) & as we can see on charts, silver has entered in a minor descending channel which will be targeting some lower area. Continue trading below 200 SMA also supporting negative outlook for coming days. Currently it is facing a parallel support around 57130 area, if it will break we may witness a sharp fall. Candlestick pattern is negative with indicators.

Based on above studies, we will prefer to sell silver on some rise for possible targets around 56670 ($30.32) & then 55200 ($29.54). Only a day close above 58000 ($31.22) will force us to reanalyze the charts. 

Guest Post from – Mantra Commodity

 

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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