Saturday, January 9, 2010

SILVER.... LET IT SHINE FOR U !

Friends,
 
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.
 
Enjoy,
PREMAL

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