Silver - Technical Report
ICN.com | Oct 16, 2014 03:50AM ET
Silver touched 23.6% correction yesterday at the significant resistance 17.80 showing above, then moved back to the downside. But the downside move is still limited above 13% correction at 17.27. Trading between 17.80 and 17.27 forced us before to move to the sidelines, and we see that being neutral is good in light of trading around Linear Regression Indicator 34 and 55 that are trading in a sideways bias.
RSI and MACD are showing uncertain signals which pushed us to the sidelines intraday today waiting for confirmation signals.
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