Choice International Ltd
Published on 18/01/2018 1:13:44 PM
MCX Silver has opened on flat note and fell down from high on Wednesday. On the daily chart, Silver price pulled back after a long bullish rally, which indicate price has exhausted and may move further down. On the other hand, Price has failed to sustained above 50% retracement level on weekly chart; which suggest bearish movement. Moreover, momentum indicator RSI (14) shown negative crossover. Based on the above technical set up and indicators, we expect a bearish move in MCX Silver price.
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