Silver Stabilizes, For Now
ICN.com | Dec 23, 2014 04:25AM ET
Silver price declined and stabilized below the down wave main resistance level once more. Trading below 16.00 will considered negative; although the price did not confirm breaching 15.65 support level, we will expect more bearishness based on trading below the main resistance level 16.00. Linear regression indicators cover price indicators from the upside, besides there is a negative signals appear on MACD indicators.
From the upside, trading below 16.27 is needed to keep our bearish expectation, while breaching 15.65 will confirm this expectation.
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