break important sell angle 2008 need to break angle a for bullish wawe,,,
www.moneymakeredge.com www.moneymakeredge.com For more information. Next week, we should know witch direction market looking to go. End of consolidation
Silver is in decline. Friday price action suggests a possible correction to the upside. I expect the price to reach 30 - 30.5 area in the 2nd half of march. Then the selling pressure could restart (sliding parallel and significant Fib area) and it is where I'm planning to short it. Gold has a similar pattern.
www.moneymakeredge.com After fridays buyers fails, Sellers pushing Silver price down. Looking to close monday lower than my bleu trend line and then, let's make some $ :) good Day everyone
This is a 32 Years Silver Chart.... In This Silver Make a high in 1980. and in same Pattern in 2011... at that time resistance... this time shows support again and again ... By This Charts Sell Only Below 25$ with very Small Stop Loss... Over all 2012 Silver Range is 25$ to 37.50$...
If you're playing the silver short outright, it's good R/R. But the pair trade Short Silver, Long Soybean oil. Looks like it has legs. Usually a nice correlation, that was broken up. My thesis is that these two will revert. Pair trades like these can have monster legs.
Silver Squeeze Full Disclosure: I'm not a professional in any sense. I am however new to trading and very interested particularly in the metals lately. That being the case the following is probably worth what you paid for it... ;) Note the highlighted green triangle just below R1 (Resistance Trend Line 1) and above S1 (Support Trend Line 1). 1. As we move...
These three that are in a good correlation, even more now after the QE3 announcement, are showing negative signals on the daily charts - overbought on the 28 RSI. Going long might necessitate tight stops, while for the shorts should be waiting for a confirmation in the price action.
Support on the downside is located at 32.00 level followed by 30.41 which is 200 Day SMA. Alternatively, the first resistance on the upside is located at 34.00 level followed by 35.80 and 37.58.
Silver seem to give short term relief rally towards $29.65-$30.00... Scalper'scan BUY @ CMP $28.89 WITH RISK TO CLOSE BELOW $28.52 OR 27.90. OBJ 29.65 - 29.88
Resistance on the upside located at 28.51 followed by 29.96 and 30.74 which is 200 Day SMA. Alternatively support on the downside is located at 27.77 which is 21 Day SMA.