July 16, 2013

SILVER Trend update

  • Silver major trend continues to stay down as price trades below 50 Day SMA.
  • But four hour charts are trying to form bullish patterns. 4 Hour chart shows  a bullish ascending triangle pattern. Price is trading above 4 Hour cloud. 
  • Any breakouts if happen should takeout the 50 Day SMA for a bigger reversal to happen.

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