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Re: Natgas/Silver/Ronbo *PIC*
In Response To: Natgas/Hal ()

Hey Ronbo,

Yup, this was another stable Wednesday trading session for NG, something that usually (not always, lol) suggests a positive report, and upward price movement, is on the way come Thursday. Guess we'll see soon enough what happens but I did take today's 'action' as constructive.

As for Silver, it seems to be setting up just fine for a downward move. Today just provided more opportunity to layer in shorts at better prices as Silver tested the underside of the broken uptrendline (not drawn on my chart) from January ($26.81) through May ($33.53). It is also very close to the resistance at the $36 area, including the 20dma. The downward turn will be confirmed when the May lows are broken...may require a little more patience, but I believe it is coming...all the 'technicals' currently support that thesis...just a question of when the rug gets pulled out from under this thing in my mind.

Hang tight my friend...'interesting' day coming up yet again, lol.

Messages In This Thread

Re: Natgas/Silver/Ronbo *PIC*