February 26, 2012

  • Silver daily chart has managed to sustain above the range and 200 SMA.
  • But problem for Bulls of silver is in the weekly chart, Bulls of silver were unable to conquer 50 Week SMA and the falling resistance line. For next week if price opens and trades below these two important levels we may see a correction in silver.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore