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Saturday, June 21, 2014 12:37:55 PM
SILVER TECHNICAL ANALYSIS
Silver’s ascent has stalled at the 61.8% Fib Retracement Level, which may prompt a slight retreat to support at 20.40. However, with the uptrend intact (signaled by the Rate of Change indicator and 20 SMA), a correction would be seen as an opportunity to enter new long positions. A daily close above 20.80 could open up a run on 21.66.
Cheers \_/
Silver’s ascent has stalled at the 61.8% Fib Retracement Level, which may prompt a slight retreat to support at 20.40. However, with the uptrend intact (signaled by the Rate of Change indicator and 20 SMA), a correction would be seen as an opportunity to enter new long positions. A daily close above 20.80 could open up a run on 21.66.
Cheers \_/
Into silver? come by Silver Stackers
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