MCX Silver Has Traded Within A Narrow Range For The Third Consecutive Days - Dollar Advisory | Best Commodity Tips Provider

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Monday 16 October 2017

MCX Silver Has Traded Within A Narrow Range For The Third Consecutive Days

MCX Silver has traded within a narrow range for the third consecutive days. On the daily chart, MCX Silver has sustained above the falling trendline. In addition, price sustained above 200 DEMA on the daily chart.

Moreover, price has remained moved 38.20% retracement of the previous fall from 41927 to 38710. Momentum indicator on the daily chart RSI has entered in a bullish crossover.

Therefore, the short term trend remains bearish; on the higher end prices may move towards 40650 over the short term.


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