- Silver up move can extend only on price breaking above the resistance levels mentioned in first two charts.
- 4 Hour chart shows the breakout above the falling resistance line which resulted in a fast up move.
- Daily close above 38.2% Fib level may extend this up move.
- SLV Weekend update
December 10, 2013
- ES one hour time frame shows price near 50 Hour SMA. 30 Minutes chart shows cloud as support and the black resistance line which bulls need to break above for a possible up move to follow. Closing below the cloud may result in a fall.
- 4 Hour time frame shows price struggling to cross the recent resistance levels.
- BANK Of America support levels
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