Seven Days Ahead offer financial and commodity market forecasting, technical trading analysis, forex forecasting service, stock market trading recommendations, guides and strategies in the UK.Sign up now

Silver Bears Look Well-Placed

21 January 2010

 

The Commodity Specialist view -

 

 

WEEKLY CHART - CONTINUATION:

The 76.4% recovery level wasn't very effective as resistance - it is arguable whether or not it has had a residual resistive influence.

What is clear, though, is the resistance found from the Jul-08 high.

First interesting support on this chart is implied around 16.00 (see also Daily chart below).

 

WEEKLY CHART - CONTINUATION:

The 76.4% recovery level wasn't very effective as resistance - it is arguable whether or not it has had a residual resistive influence.

What is clear, though, is the resistance found from the Jul-08 high.

First interesting support on this chart is implied around 16.00 (see also Daily chart below).

Philip Allwright

Mark Sturdy

Seven Days Ahead

 

 

Receive three Market Updates fully-illustrated with charts each week for one month FREE

Next story:
EUR/USD Bears Get Bit Between Their Teeth

Previous story:
Gilts rebound

< Back to menu

Financial Market Forecasting | Bonds Technical Trading Analysis | Commodity Specialist Guide | Daily Indices Guide | Technical Trading Guide UK |
Site Map | SEO Services | We're listed in the UK Business Directory