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Wednesday, October 31, 2012

Silver Elliott Wave Count

Daily Technical Analysis for Silver:


This is my count for recent price action in silver.Please note that the W-X-Y count is the favored count ant the i-ii-iii is the alternate.
Happy Trading.

Tuesday, October 30, 2012

Daily Silver Technical Update for OCTOBER 30, 2012

Daily Technical Analysis for Silver:






Silver is trading in a range between 32.35-31.65. Right now for the bounce to fully unfold and reach 32.65-33.25,31.65 must hold on a break of which we would target 31.05-30.56 zone.
Happy Trading.

Friday, October 26, 2012

Daily Silver Technical Update(27/10/12)

Daily Technical Analysis for Silver:


Silver is bouncing well from the mentioned support zone,the next likely outcome is a move in to 32.65-33.25 zone provided 31.53 holds.Good support at 31.85-31.75.
Happy Trading.

Sunday, October 21, 2012

Daily Silver Technical Update(21/10/12)

Daily Technical Analysis for Silver:






Next support resides at 31.80-31.65.A bounce back into the 32.62-33.00 zone is the next likely outcome for the next few days.

  Happy Trading.

Thursday, October 18, 2012

Daily Silver Technical Update(18/10/12)

Daily Technical Analysis for Silver:

Silver bounced testing 32.50-32.60 zone,the mentioned target at 33.26-32.76 was exceeded. This move should be complete with one more move lower testing 32.30-31.90. Resistance at 33.35-33.59.
Happy Trading.

Thursday, October 11, 2012

Daily Silver Technical Update(11/10/12)

Daily Technical Analysis for Silver:


Silver must continue lower testing 33.26-32.76 provided we don't have any strong closing above 34.60-34.75 which would weaken the forecast.
Happy Trading.

Sunday, October 7, 2012

Daily Silver Technical Update(8/10/12)

Daily Technical Analysis for Silver:


Silver is at an important juncture,and we still retain our forecast of a pullback until 35.15-35.35 is strongly breached.Support for the pullback remains at 33.26-32.76.        
Happy Trading.

Wednesday, October 3, 2012

Daily Silver Technical Update(3/10/12)

Daily Technical Analysis for Silver:

Prices a moving back and forth in a range,looking at the charts it looks like silver can test 35.20-35.40 until 34.45 holds and then reverse back lower.While a strong close under 34.45 would negate this outcome.
Happy Trading.

Tuesday, October 2, 2012

Daily Silver Technical Update()

Daily Technical Analysis for Silver:


Prices spiked higher making new highs at 35.39 and reversed back sharply lower testing 34.50.We retain our pullback scenario until we get a solid closing above 35.39.Support for the pullback remains at 33.26-32.76 a strong close below 34.50-34.25 would accelerate the sell-off.
Happy Trading.