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 ...
Daily price is located above 100-day SMA/200-day SMA area for the bullish market condition with the ranging within the following key support/resistance levels: 16.01 resistance located above 200-day SMA area in the primary bullish of the chart, and15.16 support level located near 200-day SMA on the border between the primary bullish and the primary bearish trend. RSI indicator is estimating the ranging bullish trend to be continuing If the price breaks 15.16 ...
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 ...
H4 price is on ranging condition located inside Ichimoku cloud and below Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is located within the following key reversal support/resistance levels: 14.40 resistance level located above Ichimoku cloud in the beginning of the bullish area of the chart, and14.18 support located on the border between the primary bearish and the primary bullish trend. ...
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