Mon, Sep 3 2012, 04:32 GMT
Is Silver Breaking Out?
By Mike PAULENOFF - MPTrader.com:
"Let's notice that spot iShares Silver Trust (SLV) appears to be on the verge of upside acceleration after climbing above its 16-month resistance.
The week-long high-level consolidation area above the trendline is a very encouraging sign that spot Silver has freed itself from the grasp of an intermediate-term correction ahead of another upleg that should revisit 37.50 in a hurry.
Meanwhile, the Silver WHEATON Corp. (SLW) still must rally to 36.30 just to confront
its 16-month resistance line, which should be hurdled in route to 40.00/25 thereafter.
My near-term pattern work argues that SLW ended a week-long high-level correction, and this morning started a new up-move within the upleg that began at the May 16, 2012, pivot low at 22.94"...
SOURCE / LINK / QUELLE dieses Ausschnitts und des Weiterlesens dann HIER:
www.forexrazor.com/Analysis/Main/...s-Silver-Breaking-Out.aspx
Studierenswert ist in's Besondere die dem dortigen Post beigegebene GRAPHIK.
Is Silver Breaking Out?
By Mike PAULENOFF - MPTrader.com:
"Let's notice that spot iShares Silver Trust (SLV) appears to be on the verge of upside acceleration after climbing above its 16-month resistance.
The week-long high-level consolidation area above the trendline is a very encouraging sign that spot Silver has freed itself from the grasp of an intermediate-term correction ahead of another upleg that should revisit 37.50 in a hurry.
Meanwhile, the Silver WHEATON Corp. (SLW) still must rally to 36.30 just to confront
its 16-month resistance line, which should be hurdled in route to 40.00/25 thereafter.
My near-term pattern work argues that SLW ended a week-long high-level correction, and this morning started a new up-move within the upleg that began at the May 16, 2012, pivot low at 22.94"...
SOURCE / LINK / QUELLE dieses Ausschnitts und des Weiterlesens dann HIER:
www.forexrazor.com/Analysis/Main/...s-Silver-Breaking-Out.aspx
Studierenswert ist in's Besondere die dem dortigen Post beigegebene GRAPHIK.