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 27th Feb 2013

24 sec read

silverdaily

 
Silver (27.02.2013) respected our analysis & moved lower. Hope you all printed green-red papers.Check last report here

Now silver is trading around 55450 ($29.20) ( april contract) & as we can see on charts, silver extended its downside move to 78.6% feb correction level, where it is taking support from long descending trade line. As we as this level represent a parallel support area. At the same time we have witness a positive divergence , hinting for a bounce ahead. Candlestick pattern is positive.

Based on above studies, we will prefer to buy mcx silver on some dip for possible targets around 56300 ($29.64) & then 57900 ($30.69). Only a day close below 53900 ($28.18) will reject the forecast.

Best of luck. –

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.

Gold to Hit All-Time High? How Small Investors can…

I know, in this Bitcoin era if someone is talking about Gold they could be either a 70s kid or an 80s kid. Well,...
Rajandran R
1 min read

Silver Momentum Pullback Trade Setup

After a significant momentum in Silver 11.77 to 29.85 silver started correcting in the month of Sep 2020 towards 21.66. Last week silver plunged...
Rajandran R
22 sec read

Is the Oil nearing the Bottom?

I woke up in the morning just to see the headlines "Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels". Ever-since ...
Rajandran R
53 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More