Multiple bullish breakout on silver,
- The price has taken the short term falling trend line
- The price has taken 16.65 short term horizontal resistance
- Monster Pin bar and at long term rising trend line and 15 major long term support area.
I think the price will find support above 16.65 in the near term, a pullback towards 16.65-16.75 may find renewed demand, targeting probably a test of 17.80 then 18.50 resistance levels as initial upside target for this breakout.
Happy Trading :)
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My best regards,
Technician
- The price has taken the short term falling trend line
- The price has taken 16.65 short term horizontal resistance
- Monster Pin bar and at long term rising trend line and 15 major long term support area.
I think the price will find support above 16.65 in the near term, a pullback towards 16.65-16.75 may find renewed demand, targeting probably a test of 17.80 then 18.50 resistance levels as initial upside target for this breakout.
Happy Trading :)
Join me at twitter.com/thefxchannel
Facebook page www.thefxchannel.com
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician