Weekly Commodity Mcx Silver Trend 22 July to 27 July 2013
MCX SILVER Technical Trend
MCX SILVER showed downward movement on daily charts broke triangle pattern and took important support of 39900. Now, if it gives closing below 39900 and able to sustain below this then it may find support around trend line on daily charts i.e. 37500. On higher side 41500 is immediate resistance for it above this it may find vital resistance near 43500.
Better strategy in MCX SILVER at this point of time is to sell below 39900 for targets of 38500, with stop loss of 42000.
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