SILVER SEEMS TO HAVE formed double top can touch 68130 - 65100Silver seems to have formed double top.
1. Daily RSI Below 40
2. Price walking on lower Bollinger bands
Can touch 68130 , which will be confirmation point and once it breaks down further low can be seen at 65100 levels positionally
Disclaimer: I am not an expert, I just share interesting charts here. Please seek expert before investing / trading, Because trading and investment in commodities is subject to market risks. I do not hold any position in silver as on date
TSI1! trade ideas
Can $MCX:SILVER1! Test 66000 Level ?As per technical and Volume Analysis Looks like MCX:SILVER1! Had take small Support Near 69700-69500 level if its break then probably we can see some Downmove and it will test 67500 and then 66000 level.
For upside Move MCX:SILVER1! need to break 70700-70900 level with volume. if its break then we can see 72800,74000 level in coming days.
Trade can be executed whenever its break mention level.
Best Regards
Ajay Metha
consolidated wedge happening across commoditiesOver the past few sessions we could see the kind of impact the consolidation patterns have on silver , gold and even in Natural gas to some extent . Now the same appears in the pattern again . Make sure to observe their behavior once there's a breakout / breakdown .