Silver analysis
Comex silver price trading at 16.46$, It tested 16.26$ yesterday but bounced back hard and tested 16.58$ in morning. Currently trying to break 16.50$. A good support on this major commodity chart stands at 16.25$, If traders take this base out and manage to sustain trade below our support. Then expect good pressure in silver price upto 16.01$- 15.80$ today.
A good resistance on silver chart stands at 16.75$, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect good recovery in silver price upto 16.99$- 17.20$.
Silver analysis conclusion: Silver trend is flat to positive for now, Despite weak gold price its standing firm and should not be sell. We would recommend to buy in dips to our subscribers. Join any package for first month in 99$.
Gold and crude oil analysis can be seen here
Dow Jones Industrial Avg analysis
Dow Jones trading above 25000 without any problem. Yesterday it opened gap up and continuing its positive journey since then. Currently US30 cruising at 25040. A good support on Wall Street chart stands at 24870, If traders take this base out and manage to sustain trade below our support. Then expect Dow Jones Index to test upto 24750- 24600 today.
A good hurdle on Dow Jones Index chart stands at 25150, If traders break this hurdle and manage to sustain trade above our resistance. Then expect good rise again upto 25270- 25400 today.
Dow Jones Industrial Avg analysis conclusion: Wall Street trend is positive for now, We wont advice any buy for now. Will update more to our paid subscribers on this.
Dollar Index analysis
Dollar Index (DXY) trading at 93.20, Yesterday it tested above 93.50 but could not sustain and gave a good crack. Currently its trading with good negative momentum on chart. A good base on Dollar Index chart stands at 92.80, Once this base is our and traders manage to sustain trade below our support. Then expect more pressure in Dollar upto 92.50- 92.20 today.
A good hurdle on dollar index chart stands at 93.60, If traders break this hurdle and manage to sustain trade above our resistance. Then expect good firepower upto 94- 94.40.
Dollar Index analysis conclusion: Dollar trend is flat to weak for now. Avoid major buy for now.
Subscribe our free weekly newsletter to get weekly updates on market. Sign up here
More will update to our signals subscribers.