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Bears are again getting ready in silver?



Silver moving in a ascending triangle on 240 after a sharp bearish move till 26$ and facing resistance at 33.30 zones. Yesterday’s high 33.03 was 2nd attempt to this resistance line and a nice selling pressure seen from that res. Area now level to watch is 31.20 zones for more down. Below 31.20 it would confirm a decline till 29-26$. Macd indicator is also struggling near zero line and getting ready for a bearish cross over that is suggesting a valid break of this support line till silver trading below 33.30 I would like to book full profit in all longs taken by me and will wait for a fresh entry after breakout. As per this trade setup your stop loss will be 33.60 zones for targeting around 29.30-26.50.

your suggestion and feedback will increase my confidence and inspire me to give best results. If you like this post then don't forget to leave your comment and share my blog with your friends and fellow traders.If you stuck in any wrong trade, send your queries to me at sunirathi@hotmail.com

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