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Re: Trades/march silver chart update?/Ronbo *PIC*

Well for the last 10 days price has been trading under the Nov high support that broke down and is now resistance. Price has to clear 29.40 to breakout again. Other than failing to hold above the Nov high breakout pt there is nothing bearish about the price action. Price has consistently stayed above the 20ema which is very hard to do with anything. And the uptrendline is still intact. Only thing bearish other than breaking below the 1st support is the RSI 21 showing extreme weakness in momentum and even the longer term Modified MACD has rolled over. But you trade price and it has not broken down yet. Price is now trapped between 29.40 resistance and28 support which is also its uptrendline. Nicely defined prices clearly marked. A breakout/breakdown of either will show the next direction.

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Re: Trades/march silver chart update?/Ronbo *PIC*