Silver Spot is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 31.3088 is expected in the short term.
ARTÍCULOS RELACIONADOS
Brent Crude – approaching a support line that has been previously tested at least twice in the past
The movement of Brent Crude towards the support line of a Channel Up is yet another test of…
After trying numerous times in the past, Silver Spot finally breaks 32.6936!
The breakout of Silver Spot through the 32.6936 price line is a breach of an important psychological price…
A possible move on US Oil as it heads towards resistance
A Channel Up pattern was identified on US Oil at 62.74, creating an expectation that it may move…