Monday, April 1, 2013

Silver at major support the B177

From the uptrend from 2008 we are near the bottom of the channel.

The black line, which coincides with the 2 blue line fallling wedge (which is normally bullish)

And coincides with a nicely shaped egg, which is bullish on the top side of the egg.

So either silver is going to rocket up, or break down badly.  

My thoughts are long physical, and if a breakdown, short futures to hedge.

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Insightful and Useful Comment!