Saturday, January 9, 2010
SILVER.... LET IT SHINE FOR U !
Check the chart of silver. After a correction it is striking back with vegence. I am bullish for it in the short term & think it can easily cross 30500 now.
Reasons on chart :
1) Bull engulf on WEEKLY CHART
2) MACD Crossover above 0 line
3) Rising RSI
4) Resistance of 27600 broken on DAILY CHART.
Buy it in MCX to leverage your positions and enjoy good profits. Target 30600 in about 3-6 months.