I just wrote about the gold/silver ratio and how it's suggesting a possible new cycle in the silver market (see suggested idea below). To further develop this hypothesis, I find that silver prices are at an important crossroad following last week's rally. The US dollar's sharp fall following the week September US employment data has given relief to battered...
The Daily trend is in a Downtrend technically indicated by following: • Dow pattern- lower tops and lower bottoms (T1-B1-T2-B2). • Price is currently trading BELOW the downtrend line. The downtrend is confirmed from the MAs. Bearish cross observed- MA 10 cross under MA20. Generally, the main long-term trend has favoured the downside. Therefore, we will...
The strong support @ 15,35-15,5 did not hold - the sellout began. The exspected rebound to the breakoutlevel @ 15,5 also appeared (have a look @ my former analyis comments). At the moment the ultrashortterm downchanel is still present and dominant. the longtermtarget @ 12,5 is still active. Prices above 15,5 make the chart bullish again former analysis: Will...
Daily-Term Analysis and Trading Recommendations for the daily- term investors on Silver. The daily-term trend according to the daily time frame is in a downtrend technically indicated by following: • Dow pattern- lower tops and lower bottoms- T1,B1,T2,B2 • Price is currently trading below the downtrend-line. Prices are trading below the strong...
Will the support hold and the bullish wedge be triggered and bought? If yes, then the shortterm target @ the upper side will be @ EMA200 @ 16,8$. If the strong support @ 15,35-15,50 does not hold, a fast sellout with worst case target @ 12$ could appear. But at the Moment the CRV for Longs is phantastic. i drawed a possible Long Position into the Chart..i don`t...
Avoid a short. Risk reward is low. Strong support zone @15,255$
16.53 last 18.00 target 16.125 stop Reasons: 1. Cluster of 5 days where the high is very similar = explosion pattern. 2. Range expansion "UP-bars" on the daily chart highlighted with blue triangles. 3. Range expansion "UP-bar" on the weekly chart 4. Volume building at the 16.50-16.60 level appears to be a breakout level if breached could lead to a...
Hello all, After reviewing recent Commitment of Trader's (CoT) report data (week 10 of part 2 in our school for trader development....ya, our program is huge!) a student and I stumbled upon a startling fact. Within many reports (from the Comex to the LME) we noticed two consistent facts. 1. Large institutions are heavily net long metals. From Gold to Copper to...
Silver bear trend possibly resuming here. Upper parallel tested during retracement on 26Mar2015. Look for selling opportunities.
Is silver’s seasonality about to monkey hammer prices lower? As market complacency is regained through a positive non-farm payroll headline, precious metals have been retreating on a stronger dollar and the assumption that the Greece v. European Union tension will end up honky-dory. However, are silver prices about to get pounded lower? Looking at a chart of...
Silver frequencies on the chart - bear forces are prevailing
My previous analysis indicated that Silver could fall to 15, 12 and bottom at 9. This was based on looking at Yearly, Monthly, Daily charts. All indications were that silver was not moving away from its downtrend. Now if you observe all the charts - yes silver is still in a downward spiral until you check the daily and it is clear that silver is forming some...
Technical view, no QE speculations. SLV has reached: 200 DMA; resistance at 18.685; 61.8 retracement of last downleg. Downtrend is still intact, 200 dma still falling. Enough to enter short for pullback to 16 level, where could be decided if trend will proceed or reverse, but under yearly pivot the odds favor downtrend.
M botttom - silver and the precious metals are gaining strength. Targeting 19.19.
It has been quite some time since i see a wild range in a month and yet price between open and close is very tight. Yes, Dec 2014 is that candle that is what i considered a classical high spin wave DOJI And monthly long was triggered. Lets see if it can break back into uptrendline and test the resistance at 18.505 where it broke down last.