Silver Spot has broken through a resistance line of a Channel Down and suggests a possible movement to 33.6108 within the next 17 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Related Posts
Brent Crude has broken through resistance of a Triangle. It has touched this line at least twice in the last 7 days.
Brent Crude has broken through the resistance line which it has tested twice in the past. We have…
Gold Spot keeps moving closer towards 3361.2500. Will it finally breach this level?
A strong support level has been identified at 3361.2500 on the 1 hour Gold Spot chart. Gold Spot…
Natural Gas is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 3 days.
Natural Gas was identified at around 3.7895 having recently rebounded of the support on the 15 Minutes data…