You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1159.7687 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Important support line being approached by Silver Spot. This price has been tested numerous time in the last 16 days
Silver Spot is heading towards the support line of a Channel Up. If this movement continues, the price…
Silver Spot seems to be on its way to support – a possible opportunity?
Silver Spot is moving towards a support line. Because we have seen it retrace from this level in…
An unexpected large move has occurred on Natural Gas 1 hour chart! Is this a sign of something new? What can we expect?
Those of you that are trend followers are probably eagerly watching Natural Gas to see if its latest…