Silver Upward Direction Taking Place
July 2nd, 2009 Posted in Analyst Picks, Oil and Precious Metals
• The charts below are the hourly chart and 4-hour chart for Silver by ForexYard.
• The technical indicators used are the Slow Stochastic and RSI.
• Point 1: The Slow Stochastic on the hourly chart indicates a bullish cross, signaling that the next move maybe in an upward direction
• Point 2: RSI signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure.
• Point 3: The RSI on the 4-hour chart also support the upward direction.
Silver Hourly Chart
Silver 4-Hour Chart
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