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TFC Commodity Trading Forum

Re: Hey Trades, got any si. charts handy? *PIC*

Hey Ronbo. I'm doing ok but sure the hell aren't taking anything home at night. Not even the pretty ones,lol. Good to see you're doing ok on all fronts. Hope things go well with your new comrades" in arms!" Here is the Daily Silver chart. Amazing how it broke above the two month channel top of $39 and is holding above consolidating. This is very bullish and the channel depth projects a rally to 44.50. So we'll see if it can rally out of this tight pattern before breaking down as it can't just sit there forever either. Looks like it is good for it but the proof is in the pudding. Nat Gas could still rally from here 'if' it can hold above 4.35 and run up again. The last two days lows are the key to hold or fail. If it fails the chart will get bone ugly and it's already nothing but a tight pattern within a one year channel. A coin flip could decide short term direction. Not my kind of bet.