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 Technicals Overview for April 2013 from Mantra Commodity

24 sec read

silver

 
Silver (01.04.2013) traded lower specially in mcx while comex silver was quite stable in mention range.

Now silver is trading around 53130 ($28.10) & as we can see on charts, not a single it provided a day close below $28.18 area but mcx silver was crashed ( may be low volume gambling). Whatever would be the reason but this saturday blast actually invalidated the technical objective. However holding above 78.6% feb correction level, last parallel support & indicators hint for a bounce in future but as mention in charts, until unless we are not getting a break above $29.42 area, the up move will be uncertain.

Based on above studies, we will prefer stay sideline till a clear view.

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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