Saturday 28 January 2017

MCX TRENDS

Silver:-


Silver prices steadied as investors awaited a speech from Federal Reserve Chair Janet Yellen for fresh clues about the timing of the next rate hike U.S. Commerce Department said that consumer prices gained 0.3% in December, in line with expectations. Fed’s latest Beige Book pointed to a jump in manufacturing and tight labor markets showing U.S. economic health.   Silver price returns to rise after the temporary decline that appeared yesterday, to approach from testing the correctional bearish channel's resistance again, as the EMA50 managed to protect the price from suffering more losses, motivating the price to continue the main bearish trend, which 40300 targets levels initially.


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