Spot Silver May Trade To Higher Levels For The Day
CommodityOnline | Aug 06, 2013 03:57AM ET
Silver closed lower on Monday as it extends the trading range of the past seven weeks. The low range close set the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that a short term top might be in or is near. If it renews the rally off June's low, the reaction high crossing is the next upside target. Closes below the reaction low crossing are needed to confirm that a short term top has been posted.
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