-  Options
Send Mail
Thursday, March 11, 2010 Welcome Guest (Sign in)
Home Articles School Q&A Tools Global
             Click to Help Us" " Site With Your Friends
 979 Traders Connected
Your name :
Your friend’s email :
X
Divergence was Confirmed on this Straddle Print Next Article
Sunday, November 01, 2009
By dodjit.com
Tags : Silver , Gold , Stocks
Posted on the 21-10-09

Over the last couple of weeks Silver has climbed higher, backed by a rally in commodities. From a technical point of view the chart has formed a bullish channel, whereas the price is now trading around its upper trend line. Even though indicators are pointing towards slight divergence, the overall commodity market is still driving silver higher. To date silver is trading above trendline support and trendline resistance, an erea that could present a nice entry for a short term potential straddle

Silver – Daily Chart

Sign up for a FREE dodjit account

Current Silver Update:


Divergence pointed towards a bearish counter trend, which was confirmed last week due to the broad selling. To date Silver has now reached the middle of its trend, an area that could lead to a minor bounce. Even though the chart still has room to drop, indicators are now pointing towards signs of overbought levels. A clear break of its middle trendline will confirm the continuation of this trade.

Stops should be adjusted to lock in current gains.

Sign up for a FREE dodjit account

 

To view the full economic calendar click here.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
New Features: Please note that our education center has been updated with new courses and tutorials on the Forex and Stock Market. Feel free to view our School and increase your trading knowledge
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
For active traders and investors trading the
Forex and Stock markets. 		X
Your mail :
Please login to post comment or sign up for a dodjit FREE account

Copyright © 2008 dodjit.com All rights reserved.
Feedback Form
myspace views counter