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| Technical Analysis for Silver 13-7-2015 |
Silver moved last Friday in the average movement of 28 cent, its highest level at 15.64 and the lowest price at 15.36 and closed at 15.54 to Gain 16 Cent according to Friday’s economic data.
Silver opened today's trading at 15.53 and recorded the high at 15.88 and then fall down to 15.36.
Silver moves in a series of down correction waves
It is expected that the silver is heading targeting 15.23 as the target on time frame of four hours and till now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 15.38 and 15.23 and 15.10
Resistance levels: 15.66 and 15.79 and 15.94
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