Commodity Trade Mantra

Posts Tagged ‘Head and Shoulders Bottom’

This Pattern Confirms The Continuation Of Silver Price Rally

On the silver chart, is a classical major reversal pattern referred to as a Head and Shoulders Bottom. Major reversal patterns form after a downtrend, and its formation normally confirms a change in trend. This is a precious gift, if you were still unsure whether to get into silver or not. The tricky part of this kind of pattern is the issue of whether price will retest the breakout area, which is around $18.

The Chinese Start Buying Silver - Momentum Breaks Out To Highest In Years

Silver has gained 21% this year & is the best performing asset. Is a continuation of the breakout imminent or will silver suffer its traditional intraday slamdown as someone dumps enough paper silver to take out the entire bidstack and reprice the commodity lower? It all depends on what the patriotic Chinese, now in possession of a brand new gold fixing mechanism, do next.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook