05th Jul - Silver Testing Long Term76.4% Retracement
05 July 2013
WEEKLY CHART – CONTINUATION:
After breach of the old 21.185 Mar-08 high, the 18.400 76.4% level offers support now. We currently await reaction around here – at least s/term support would be expected.
DAILY CHART – Sep-13:
Recent weakness saw a test of our Fibo projection at 18.35. With current interest also very much in support on the long term chart, which lies at the same level, we wait to see what support may emerge.
Key resistance lies in the area of the 24.82 26-Apr high, which coincides with the current 38.2% recovery level (not shown) (and hence our Fibo projection at 18.35).
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