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Today Silver Prices To Move lower Towards 39850 levels

Discussion in 'Stock Market Discussions' started by ritugautam, May 10, 2016.

  1. ritugautam

    ritugautam New Member

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    As our expected view MCX Silver has achieved its short term target of 40880. MCX Silver prices have given negative breakdown of lower arm of Symmetrical Triangle formation on hourly chart which is placed at 40780 levels . Furthermore, counter is trading below its 100 HEMA on hourly chart . On the other hand, momentum indicator RSI has drift below 30 levels on hourly chart which gives negative confirmation to the prices.

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