This is comex silver hourly chart & you can see Head & Shoulder is about to break neckline. This is very very bearish sign. Use it and earn profits. After breaking neckline, mcx price can go toward 37500 followed by 37000. Thank you, Jay Shriram.
Update 1 , 08.07, 8th May
This descending triangle looks more perfect. Target is same, 37500 followed by 37000 after downward breakout. Breakout level is same compare to H & S pattern neckline.
update 2, 12.45, 9th May
This is beautiful downward breakout of descending triangle, expect price to hit 37500 followed by 37000 with the sl of 38600 for security purpose.
update final, 05.43 p.m., 10th May
Exit short position in silver at cmp 38126 as downward movement is decreasing. To avoid risk exit ctc.
The Copper again cut down from the higher levels and they also broke its main support stage of 440. For the upcoming trading time, it can be the breach its instant support level of the 435 and following that the 430 will perform at the next burly support level. Free Commodity Tips
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