tradingmarcos

Silver Future Weekly Analysis for 12 to 16 Feb., 2024

MCX:SILVER1!   Silver Futures
SILVER 06 MAR FUT ANALYSIS
Weekly Range: 1300

Buy Setup:
Entry: 70683.4
🎯 Target 1: 71577.4
🎯 Target 2: 72074
βž• Avg. Position: 70530
πŸ›‘ Buyer SL: 70250.07

Sell Setup:
Entry: 70376.6
🎯 Target 1: 69970.6
🎯 Target 2: 69474
πŸ›‘ Seller SL: 70809.93

Analysis:
Silver futures for March 06 show a promising setup this week. The buy entry is set at 70683.4 with a target of 71577.4 and an extended target of 72074. On the flip side, the sell entry is positioned at 70376.6 with targets set at 69970.6 and 69474. Traders are advised to maintain an average position of 70530 and use stop losses of 70250.07 for buyers and 70809.93 for sellers to manage risk effectively. With a weekly range of 1300 points, volatility can offer ample opportunities for profit.

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Seasoned commodity trader with excellent analytical skills.

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