Sunday, September 28, 2014

Silver broke down

On my posting in Aug 2014, Silver may break in weeks, Silver broke down despite COT index hit extreme.  During that period, I am looking forward for Silver to go higher as COT is building up.

Most of the metals COT show buying interest are building up and yet price keep lowering.  One of the main reason for commodity weakness is due to strengthening of USD.  Monthly chart (50 SMA) show UT still intact.  I will wait for price action, 2ET before entering.

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