MCX SILVER AS EXPECTED LAST WEEK SILVER MADE A RALLY TO 39150 LEVELS AND COULD NOT SUSTAIN AT HIGHER LEVEL AND FALL DOWN VERY SHARPLY TO 36725 LAST WEEK AND CLOSED AT 37010 DOWN @ 1000 POINTS TO PREVIOUS WEEK'S CLOSING TECHNICALLY AS PER CANDLESTICK PATTERN PRICES HAVE FORMED BEARISH CANDLESTICK INDICATING LOWER FOR THIS WEEK SILVER "BEARS" STILL HAVE THE FIRM OVERALL NEAR TERM TECHNICAL ADVANTAGE BULLS NEXT UPSIDE NEAR TERM PRICE BREAKOUT OBJECT IS TO PRODUCE A CLOSE ABOVE SOLID TECHNICAL RESISTANCE @ 40580 BEARS NEXT NEAR TERM PRICE BREAKOUT OBJECTIVE IS CLOSING PRICE BELOW 35000 THIS WEEK SUPPORT IS SEEN AT 35600 AND RESISTANCE IS SEEN AT 38500
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