{"id":153,"date":"2011-04-26T10:14:39","date_gmt":"2011-04-26T09:14:39","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=153"},"modified":"2011-04-26T10:14:39","modified_gmt":"2011-04-26T09:14:39","slug":"silver-technical-analysis-interesting-developments","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2011\/04\/26\/silver-technical-analysis-interesting-developments\/","title":{"rendered":"Silver Technical Analysis &#8211; Interesting developments&#8230;"},"content":{"rendered":"<p><!--[if !mso]>\n\n\n\n<style>\nv:* {behavior:url(#default#VML);}\no:* {behavior:url(#default#VML);}\np:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\nv:textbox {display:none;}\n<\/style>\n\n<![endif]--> <em><\/em><\/p>\n<p>Last Thursday we highlighted Silver, which we described as being &#8220;on a tear&#8221;. We have since added 10% then given back 10%, rejecting a high just shy of the psychologically important 50 bucks mark. Here&#8217;s what we&#8217;ve put out to our clients today:<\/p>\n<p><em>&#8220;This is no reason to go short. Selling something that&#8217;s going up is dangerous, bordering on stupid. Sure, it probably can&#8217;t go on, <\/em><strong><em>but for now there&#8217;s no signs of a reversal in sight&#8221;. <\/em><\/strong> <strong><em> <\/em><\/strong><\/p>\n<p>This line from last Thursday&#8217;s report seemed to create a bit of a stir and it looks like it was quoted on at least one newswire story. So what <strong><em>is<\/em><\/strong> a sign of a reversal?<\/p>\n<p>A candle with a large range but a really small real body? Yes, that sort of thing Like yesterday&#8217;s? (A Long Legged Doji, to give it a name). Precisely&#8230;.<\/p>\n<p>Yesterday this one traded up to 49.820. In today&#8217;s overnight session we have traded over 10% off of this high. Interesting times. Where did we top out the last time around, when Bunker Hunt was buying all the Silver in sight? 50 bucks, give or take&#8230;<\/p>\n<p>Channel support is 42.735. We would &#8220;call a top&#8221; if the market drops through here, especially if it happens quickly.<\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/silver-2604.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-154\" title=\"silver-2604\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/silver-2604.jpg\" alt=\"\" width=\"500\" height=\"310\" \/><\/a><\/p>\n<p>Here at FuturesTechs we cover 22 markets every day, giving Chart, Support and Resistance   levels, plus Commentary each morning before the markets open. This <a href=\"http:\/\/www.futurestechs.co.uk\/2010\/03\/30\/futurestechs-wins-best-fixed-income-award\">award winning service<\/a> is widely read by Investment Professionals, and some of our clients have been with us since we started over 10 years ago.<\/p>\n<p>If you are an Individual Trader please go to  <a href=\"http:\/\/www.futurestechs.co.uk\/trial\">http:\/\/www.futurestechs.co.uk\/trial\/<\/a> to request a free trial of our  Web-based service.<\/p>\n<p>The same reports are available to Fund  Managers, Brokers and &#8220;Pro&#8221;   Traders in printable format. If you are in  this category please request   a trial at  <a href=\"http:\/\/www.futurestechs.co.uk\/professional_trial\">http:\/\/www.futurestechs.co.uk\/professional_trial\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\nLast Thursday we highlighted Silver, which we described as being &#8220;on a tear&#8221;. We have since added 10% then given back 10%, rejecting a high just shy of the psychologically important 50 bucks mark. Here&#8217;s what we&#8217;ve put out to our clients today:<br \/>\n&#8220;This is no reason to go short. Selling something that&#8217;s going up is dangerous, bordering &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2011\/04\/26\/silver-technical-analysis-interesting-developments\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[76,79,112,127,128,235,236,239,240,306,423,424,426,674,495],"class_list":["post-153","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-candlestick-analysis","tag-candlestick-charts","tag-clive-lambert","tag-daily-candlestick-charts","tag-daily-chart-analysis","tag-futurestech","tag-futurestechs","tag-futuretech","tag-futuretechs","tag-long-legged-doji","tag-silver","tag-silver-charts","tag-silver-technical-analysis","tag-technical-analysis","tag-technical-analysis-reports"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=153"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}