Silver Limited Below Linear Regression Indicator
ICN.com | Oct 02, 2014 05:10AM ET
Silver moved to the upside yesterday but remained limited mostly below Linear Regression Indicator 34 and 55 showing above, which forces to keep our negative expectations on the intraday and short-term intervals. Trading below 18.21 is negative, but we will depend on 17.80 levels to keep the negative expectations and reduce risk.
RSI is attempting to rise but line 30 formed a resistance for the indicator. MACD failed to achieve a positive crossover and remained neutral below line ero. All these catalysts forces us to hold on to our negative expectations, as breaking 16.43 accelerates the downside move.
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