The breakout of Silver MAY 2020 through the 14.4050 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Silver MAY 2020 to test 14.8505 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
If you’re short Silver Spot you should be aware that 36.4072 has just been breached – a level tested 4 time in the past
Silver Spot has breached the resistance line at 36.4072. It may continue the bullish trend towards 36.6185, or,…
Because Silver Spot formed a Triangle pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Silver Spot is moving towards a resistance line which it has tested numerous times in the past. We…
Natural Gas seems to be on its way to resistance – a possible opportunity?
The price of Natural Gas in heading back to the resistance area. It is possible that it will…