Silver a commodity in rather high demand due to more and more people becoming aware of needing a save haven asset such as Silver. So Why is Silver on the Rise? Technical terms : It's in a huge descending triangle starting 4-5 years ago. Descending Triangles are good for timing entries and finding the best exits . Fundmental terms: Demand Increase, Comex having...
We have one possible long position on the COMEX:SI1! 1. If price touches the blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H . Will...
we are propably goin look lower. breakout these three lower points
Sell at current price 16.020 Stop Loss: 16.420 Target: 14.245 The Price is at a Strong Resistance Level, Trend Line Support and 200 Day Moving Average retest. Lets go with the trend.
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...