good morning/evening ladies and gentleman, where ever you are in the world.
This upper trend line dates all the way back to height of 2007, seems to be pretty strong considering who holds the largest positions in silver.
If closes above 29 will enter long position with tight stop losses because could be false breakout.
Would have to see DXY going down at the same time because this pair is so strongly inversely correlated.
well.. thats all i got to say about that.
personal views
This upper trend line dates all the way back to height of 2007, seems to be pretty strong considering who holds the largest positions in silver.
If closes above 29 will enter long position with tight stop losses because could be false breakout.
Would have to see DXY going down at the same time because this pair is so strongly inversely correlated.
well.. thats all i got to say about that.
personal views
Comment:
looks like there was a nice head fake but we'll see