Overview
The price pushes negatively on the critical support at 17.90 to move below it now, which provides signals for potential test to the critical support at 17.43 before it returns to resume the main bullish trend. Now, monitoring the upcoming trading is important especially the stability of the price according to 17.90 level, where the price needs to step above it again to reinforce the chances for regaining the bullish track that its main targets begin at 18.30. The expected trading range for today is between 17.80 support and 18.30 resistance.
The price pushes negatively on the critical support at 17.90 to move below it now, which provides signals for potential test to the critical support at 17.43 before it returns to resume the main bullish trend. Now, monitoring the upcoming trading is important especially the stability of the price according to 17.90 level, where the price needs to step above it again to reinforce the chances for regaining the bullish track that its main targets begin at 18.30. The expected trading range for today is between 17.80 support and 18.30 resistance.
Trade ist aktiv
Kommentar:
SILVER UPDATE DATE 24 FEBRUARY 2017
Kommentar:
SILVER MAKE A LOW 17.664
Kommentar:
SILVER MAKE ANOTHER LOW 17.618 AND TRAIL STRICT STOP LOSS 17.97
FOR BULL OUTLOOK > OTHER WAY FOR RISE FROM HERE IF SILVER HIT 17.964 AND SUSSTAIN ABOVE 17.60 THEN CHANCE FOR BULL TO PLAY A PART FROM HERE
SO TRADE VERY CAREFULLY
THIS IS MY PERSONAL VIEW
FOR BULL OUTLOOK > OTHER WAY FOR RISE FROM HERE IF SILVER HIT 17.964 AND SUSSTAIN ABOVE 17.60 THEN CHANCE FOR BULL TO PLAY A PART FROM HERE
SO TRADE VERY CAREFULLY
THIS IS MY PERSONAL VIEW
Trade geschlossen: Ziel wurde erreicht
Trade geschlossen: Ziel wurde erreicht:
SILVER UDATE AND OVERVIEW>>>>>>>>>
Please Book Full Profit Earlier (17.20 to 17.05) Before Market Reveses from here
Silver price trades with calm negativity in its way to head towards our
waited target at 17.43. We remind you that we are waiting for a bullish rebound after testing the mentioned level. Here stochastic reaches the thresholds of the oversold levels to support the expected rebound. Therefore, the bearish bias will remain preferred for today, unless breaching 18.30 level and holding above it. There this breach will push the price to regain the bullish track with its next main target located at 19.38. The expected trading range for today is between 17.43 support and 18.00 resistance.
Please Book Full Profit Earlier (17.20 to 17.05) Before Market Reveses from here
Silver price trades with calm negativity in its way to head towards our
waited target at 17.43. We remind you that we are waiting for a bullish rebound after testing the mentioned level. Here stochastic reaches the thresholds of the oversold levels to support the expected rebound. Therefore, the bearish bias will remain preferred for today, unless breaching 18.30 level and holding above it. There this breach will push the price to regain the bullish track with its next main target located at 19.38. The expected trading range for today is between 17.43 support and 18.00 resistance.
Trade geschlossen: Ziel wurde erreicht
Silver: Daily
What’s inside:
Silver continues to head higher from inverse H&S formation
Riding higher within parallels
18.30 to18.40-is next area in focus with further strength
The other day when we looked at silver it was trading right around the 200-day MA; a form of resistance we viewed as minor when considering the broader forces at work following the breakout from the two-month-long inverse head-and-shoulders pattern.
The US dollar is helping (now), but not sure how much it matters at the moment. Just a couple of days ago the two-week correlation between the dollar and silver stood at a positive 78%. Fancy that. The two can move together. This is why watching correlations out of the corner of your eye is a good thing, and not getting overly caught up in them; especially in the short-term.
Silver is riding higher along an upper parallel just above the 200-day. The upward sloping level of resistance shouldn’t be much of a factor if we are to see the eventual target at 19; this is not only the November peak, but also the measured move target based on the depth of the H&S formation. The concern is the area around 18.50, as we’ve discussed before, where lies the biggest threat to stopping the advance prior to reaching the target. The low from August and several daily closes in November have made 18.50-ish important.
Short-term, there is a parallel to the top-side line which is helping keep silver moving ‘neatly’ higher. A break below there and an undercut of the most recent swing low on 2/15 at 17.72 would bring the short-term picture into question. But overall, it would require an aggressive reversal lower to hit pause on the broader advance