Silver Loses Momentum after Double Top
Investing News Network - February 16th, 2011
Commodities and Futures reports that silver is sliding significantly in the US market today.
Commodities and Futures reports that silver is sliding significantly in the US market today after forming a double top.
The market news is quoted as saying:
The decline from that has already materialized, and the bullish momentum has been technically violated. The RSI plunged below 40, reflecting a loss of the bullish momentum. A break below 30 suggests bearish momentum.
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