Expert Technical Analysis for Global Markets, Specialising in Energy
in Metals, Precious Metals, Silver, Technical Analysis, Trading
83.07 was a key resistance level identified in the reports today. If it broke through, it’s good news for the bulls! Next target is 96.58.
Candlestick Chart & Technical Analysis
•Short term Trend: Neutral – Bullish
•Medium term Trend: Neutral – Bullish
•Yesterday’s candle:
What we’ve seen overnight may be giving us a big clue to the future direction of Silver (and therefore Gold, and maybe even other assets).
Silver broke higher over Christmas, taking out strong resistance around 14.85-95 that had been weighing for months. This triggered a reaction that saw gains to 15.955 by the time the …
Our clients will be well aware that we have been getting increasingly bearish of Silver in recent days. Let’s have a look at what has prompted this shift in sentiment.
“Bigger picture” charts have a major Fibonacci resistance at 35.16. This is 38.2% of the sell off from the 2011 high. Shorter term Fibonacci retracement analysis suggested 35.12 might be a reference …
This morning’s reports on Silver and the FTSE would have reaped dividends for our clients, for different reasons.
Here’s the text of the FTSE Futures report:
We have posted the “all sessions” chart today because it’s actually a bit cleaner, and also shows what we’ve seen overnight; selling.
Selling to the 200 day MA as well, this well watched …
This is the hot topic of the moment, with massive moves seen in recent days. Clive appeared on CNBC on April 27th talking about the “Long Legged Doji” reversal that we’d seen on the 25th, and how this might be a “top in place” if we subsequently broke $41. You can check this out …