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The Silver could extend its rebound to 14.36

Discussion in 'Current Market Sentiments' started by fx-recommends, Dec 23, 2015.

  1. fx-recommends

    fx-recommends Content Contributor

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    XAGUSD Daily 23-12-2015 06-58-01 ص.jpg
    The Fed's decision to raise its funds rate at 0.25% to 0.5% up from zero to 0.25% could send the silver to $13.61 which is its lowest level since August 2009.
    But The Silver could extend its rebound to $14.36 driving its daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility up from the oversold area below 20 to have its main line now in the overbought region above 80 reading 83.676, while its signal line is still in the neutral region reading now 71.982.

    Important levels: Daily MA50 @ $14.63, Daily MA100 @ $14.81 and Daily MA200 @ $15.43
    S&R:
    S1: $13.61
    S2: $12.34
    S3: $11.72
    R1: $14.36
    R2: $15.72
    R3: $16.33


    Walid Salah El din
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