February 13, 2012

SILVER Descending Triangle and Range

  • Silver weekly chart is showing a range near the resistance line of a descending triangle pattern shown in first chart. Range breakout will find resistance near the resistance line or 50 Week SMA. So an upper breakout may not give a great trade.  A short trade may be coming preferably from the 50 Week SMA  if price gets there.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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