FORECAST BY MARIUS GHISEA- SILVER (January 18-22)

According to the daily chart, the price of Silver is under EMA50 and this is a confirmation that this commodity is still in downtrend in the medium term. The MACD is near negative zone. Another confirmation of downtrend is the stochastic oscillator.

Silver Weekly Forecastdaily-page-001

This commodity is into a range between 14.10 and 13.70, but the price is still under EMA 200 on 8 hour chart. If the price breaks out of its range at 13.70, it will continue to fall.

Silver Forecast8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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