Silver – 10% in 2 Weeks – Technical Analysis at its Best !

In all my previous observations on commodities one thing that has come out is it is more effective on Commodity Charts then equities 🙂 as the moves are clean and quick.

2 weeks back i had posted the following chart for Silver -

Technically it seems Silver has just given a possible medium term breakout and could target a nice 10-15% jump in coming few weeks. My tracking of commodities is only of academic nature but the chart below suggests a clean breakout.

The price at that point was 20.05 and since then it has moved to 21.9 + in last 2 weeks. 10% move in Silver thats a killer trade !!!

 

See the chart below to see how Technical Analysis works equally well rather so superb in commodities too:)

Also lets have a look into the MCX chart.Though it saw a move of only 31500 to 33000 due to the Dollar- Rupee fluctuation.

 

 

For an old view on commodities.

This is a good old article explaining how i gave a sell on Crude at 145 and then it dropped one way to 100 odd levels.

https://nooreshtech.co.in/2008/09/crude-analysis-147-to-106-technically.html 

Although i dont have time to check forex but students who do track forex also suggest technicals work the same there too.

 

TECHNICAL ANALYSIS TRAINING MUMBAI re-scheduled for OCTOBER 9-10.

 

BANGALORE - OCT 16-17

 

Cheers,

Nooresh