Silver - Daily technial Forecast

By IBTimes Staff Reporter | July 14 2010 2:22 AM

Sponsorship Link

Silver closed higher on Tuesday and above the 10-day moving average crossing signalling that a short-term low is in or is near. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off June's high, June's low crossing is the next downside target.

More in Commodities

Transocean Has Bittersweet News For Carl Icahn: Shareholders Reject Carl Icahn's Big Dividend Proposal But Oust Chairman

Transocean Has Bittersweet News For Carl Icahn: Shareholders Reject Carl Icahn's Big Dividend Proposal But Oust Chairman

Strong Dollar Weighs on Brent Prices

Strong Dollar Weighs on Brent Prices

Forget The 'Cool Kids' Comments -- Abercrombie (ANF) Just Asserted Itself As A Workers' Rights Defender

Forget The 'Cool Kids' Comments -- Abercrombie (ANF) Just Asserted Itself As A Workers' Rights Defender

Oil prices starting the day in negative territory

Oil prices starting the day in negative territory

IBTimes Magazine

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where In The World Are The Military Drones? [MAP]

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

web counter