Friday 9 December 2011

Current commodities watchlist

Silver ready to break down? Target is the width of the symmetrical triangle


Gold about to test smaller symmetrical triangle (4h chart). Break down leads us to the green line, the larger symmetrical triangle



Dow's Fan principle in development as can be seen on Crude Oil (WTI). We still need another downtrend though to complete it. In the mean time back to $95 is achievable. Any re-test is the broken trendline is a sell.

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