June 20, 2012

SILVER Support and resistance lines

  • Four hour chart shows price contraction which should breakout soon for a bigger move.
  • 50 Day SMA and daily cloud is acting as stiff resistance. An upper breakout from the four hour chart should takeout 50 SMA and the cloud for a meaningful up move to happen.
  • Breakdown will test the crucial weekly support levels.
  • EURUSD TREND UPDATE



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