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Saturday, June 21, 2014

Silver


Has Silver Broken out? Can it stay Bullish? There was already one Break of the Cloud's Lagging line but now there's a Break of the Triangle. One concern is that the DMI cross over has came at a High RSI reading,that usually means a pullback before resuming
   The Weekly Cloud is Bearish , but the Full Stochastic is Bullish with the KST under the ZLR.
It is probably a Good Idea to to Trade the Hourly for now until more Bullish Price is achieved.
The Hourly cloud Timing extends 3-4 days out. Support is at the 13.25 level on SIL. Stockcharts does not have an Intra-day chart for the Futures,so we have to use a proxy like SIL or SLV.
                 


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