August 17, 2013

SILVER Weekend update

  • Silver weekly chart shows a bullish close. This move may target the broken support line of the weekly Descending triangle shown in first chart.
  • Price has also made a close above 20 Week SMA or Middle Bollinger band. Price is likely to move towards the upper bollinger band.
  • Immediate resistance level at 38.2% Fib level near 24.50.
  • S&P 500 Weekend update

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