Sunday, July 10, 2011

SILVER EOD Technical Charts Analysis-Price Target For 11-16 July 2011


SILVER-I ended at  $ 54736 with a gain of +0.40% with formation of a White Open Marubozu Candle on Daily Price Chart at MCX on 09 July 2011. Scheff Trend Cycle & Taio Indicators are moving upward, making SILVER Bullish for Mid Term, on Charts.
We Suggests to Go Long in SILVER-I, if it trades (Holds) above  $ 54960  for Target of $ 56340/57656 with Strict Stop – Loss at $ 53511 for Mid Term.

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