Silver still has a fully-loaded boat of large silver traders long in the futures market (record long), of which their net position may have been reduced this week, but we won’t likely find that out in today’s COT report given it is for the week ending on Tuesday. The real meaty move lower came on Wednesday. At any rate, crowded trades are not where we want to be, but if price action suggests the crowd is right, though, then they are, at least until they aren’t. So far, broadly speaking they have ...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with secondary ranging within Fibo resistance level at 15.90 and Fibo support level at 13.64. Symmetric triangle pattern was formed by the price to be crossed for direction, and RSI indicator is estimating the secondary bear market rally to be started within the primary bullish market condition. If the price will break Fibo support ...
Daily price was on bear marker rally within the primary bearish market condition since the end of January this year, and the price is started to break 200-day SMA from below to above for the reversal of the price movement from the primary bearish to the primary bullish condition. If the price breaks 15.43 resistance so the bullish reversal will be started. "Silver prices are consolidating after yesterday’s strong gains and traders ...
US Dollar Poised to Extend Gains After Break of ResistanceS&P 500 Clears September Top, Sets Another Record HighCrude Oil Digesting Losses, Gold Drops Most in 11 Months US DOLLAR TECHNICAL ANALYSIS – Prices look poised to extend its advance after prices cleared yet another technical barrier. A daily close above the 50% Fibonacci expansion at 11308 exposes the 61.8% level at 11400. Alternatively, a turn below the 38.2% Fib at 11216 opens the door for a challenge of the 11102-43 ...
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