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TomKirk
Apr 22, 2018 4:28 AM

Silver Long Long

Silver/U.S. DollarFXCM

Description

-40 Week symmetrical triangle
-Weekly Bollinger bands within the confines of triangle ready for possible expansion
-With rising rates and LIBOR OIS spike, precious metals rally a probability

Missed the breakout of horizontal range for prepositioning of major move but will remain conservative for position establishment at 30 basis points

Comment

Yet again, not original idea. Highlighted by Peter Brandt... just to remain transparent
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