WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 19 MARCH 2017

Post by AVINASH on Sun Mar 19, 2017 10:45 pm

Previous analysis mentioned about recovery around 39500-38000 and prices started recovering from 39900.

Trend on monthly is still up but tend line is not supporting. Weekly, daily and 240 min trend is down but trend lines on all three time frames has broken.
Also weekly demand has gained control. So more short covering is expected. This is basis of initiating long trade in silver.

OI analysis too suggesting short covering.

Trend Analysis:





OI Data Analysis:




Trade Setup:

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