Commodities
Saturday, February 19, 2011
SILVER (USD)
SILVER (USD):
Silver did its abc correction in wave-iv as expected & also mentioned in my earlier view of 05/01/2011.
It has achieved short term corrective target & made a low of $26.30 on 28/01/2011 & from their final wave-v is started.
It has surpassed the resistance of $31.27 on 17/02/2011. It has close around $32.29 on 18/02/2011.
One should buy it at current levels or at decline with SL-$27.96 for the target of around $35 to $35.40 in short term.
It has achieved short term corrective target & made a low of $26.30 on 28/01/2011 & from their final wave-v is started.
It has surpassed the resistance of $31.27 on 17/02/2011. It has close around $32.29 on 18/02/2011.
One should buy it at current levels or at decline with SL-$27.96 for the target of around $35 to $35.40 in short term.