August 23, 2011
- Price has rallied to the upper end of the range.
- If hour does not close above 1153 we may see a correction here.
- ES is still stuck in a range.
- 50 Hour moving average is not showing any trend.
- Price has to stay below 1111 or above 1153 for bigger moves to happen.
- SILVER CHART UPDATED
- To extend profits bears shall stay below 42.25 level.
CHART-II UPDATED CHART
CHART-I POSTED YESTERDAY
- Silver is trying to hard to stay above the broadening pattern.
- But attempts of bulls to stay above 44 is being rejected.
- As discussed in the previous post on silver Price falling below 42.25 will strengthen bears of silver.
- CHANNEL OF PLATINUM