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TFC Commodity Trading Forum

Re: Silver update/Ronbo *PIC*
In Response To: Re: Silver update/Ronbo/Trades ()

Nothing wrong with this Weekly Silver chart either "YET",lol. So it is what it is so far. Note the Modified MACD has crossed back above the 0 line again and it is a very slow indicator that doesn't fool easily. Everything else is above their center lines. And the 10wk ema is above the 40wk ema. Price is still holding its major breakout of its downtrendline from April of last year which is bullish. Price could pullback to $30 support here or even the 3 year uptrendline and still be technically healthy. All markets now are reacting and responding to a variety of financial issues and until a couple of them are resolved within reason anything can occur. And throw in the Euro good and bad announcements with DX automatically responding to that alone will send markets soaring or plunging. As it stands now DX is following its historical seasonal tendency to selloff through December. So all is not lost yet and the chart is still bullish with the Weekly and Daily. That's all they are telling me fwiw.