WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017
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WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017
As mentioned in last week analysis, building of shorts in system has shown its effect and silver is now in daily and 240 min downtrend.
Though weekly trend is down too but trend line is broken. Some recovery can be seen at demand area around 39500-38000.
But confirmation is required as OI analysis is suggesting adding of shorts in system.
Trend Analysis:
OI Data Analysis:
Trade Setup:
Though weekly trend is down too but trend line is broken. Some recovery can be seen at demand area around 39500-38000.
But confirmation is required as OI analysis is suggesting adding of shorts in system.
Trend Analysis:
OI Data Analysis:
Trade Setup:
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