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MrAAKK
10-29-2012, 07:29 PM
Although China as the 2nd largest world economy may be in an economic slump, investors are seeking out silver as a value alternative investment. Silver climbed 15% this year an ETF’s holding silver have gained 6.5%. Research from Beijing Antaike said that 33% of the country’s demand comes from jewellery and coins, the rest for use in photography, solar panels electrical appliances
but the pair still moving downtrend and now it get around the level of 31.90-50 in the chart of H1.
The pivot point is 31.76
The level of support are 31.722 31.738 31.748
The level of resistance are 31.779 31.78931.804
Moving Average Convergence Divergence MACD : -0.067 (indicating sell)
Relative Strength Index RSI(14) : 40.76 (indicating sell)
Average Exponential Indicator ADX(14) : 43.82 (indicating sell)
Commodity Channel Index CCI(14) : -74.43 (indicating sell)