May 11, 2012

SILVER Channels

  • First chart is shown with two channels. Price remaining in the small dotted channel will favor bears to push prices down. If price manage to breakout of the small channel we may see an up move in silver.
  • Resistance in four hour charts are 20 period and 50 Period SMA. And the trend of this time frame will stay down as long as price stays below the cloud.

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