Silver Stabilizes After Downside Move
ICN.com | Jan 22, 2015 04:22AM ET
Yesterday's downside move remained limited above 17.93 at 50% correction as showing on graph. The metal stabilized today above the referred to level despite the downside move while Linear Regression Indicators are still positive. MACD signal lines are still positive which indicates that the positive possibility is still valid.
From the downside, only a break below 17.07 fails our positive expectations, but we prefer to hold above 17.93 to strengthen the bullish possibility intraday today.
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