Looking to trade setups , using Technical Analysis as Main tool
Friday, February 26, 2010
silver
Silver has been moving in a Expanding triangle and wave count shows a Possible Start of third Wave with EURO also Supporting as far 15.65 Holds on closing Basis one can Expect an upside target of 17.55 lvls
Euro Short term view
Euro Does Double Bottom on Daily Charts , with the Second candle as Hammer and Some Follow up buying Coming up , The Following day - This Indicates that a Short Term bottom is in place and Some Retracement till 1.4000 lvls Cant be Rulled out , Look to Buy on Dips till 1.3400 is Held
An upmove in Euro Could Lead to Rise in PM metals Also Opeing an upside trgt of Gold till 1160 & slvr 16.8--17.35 Zone
Subscribe to:
Posts (Atom)