MaryJane
Long

Silver ready for Takeoff?

COMEX:SI1!   SILVER FUTURES
140 4 19
Silver             is trading at it s Make or Break-Level @ 16.0$.

This Level is the key resistance level wehre a decisicion can be made:

1. Trying to catch the Breakout through the big resistance level with a Long Position entry 16,05 sl 15,4$ TP 17.20
2. You don`t believe the resistance will break? Then a short Position at the actual level could be interesting. Entry @ 15,97, SL 16.20 and TP 14.90$

The Chart seems to me bullish for me. I see a bullish flag with buy-Trigger at 16$ (stopbuy) Silver             has crossed the sma 200 - this could be seen as a longterm buying-signal.

Related Ideas

excellent
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MaryJane DownUnder
THX
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Agreed, nice analysis sir!
Hi Ho Silver Away!
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