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TFC Commodity Trading Forum

Re: Trades - Silver chart/Harold *PIC*
In Response To: Trades - Silver chart ()

Dec Silver is right back to major support at $32. And support is support. With the plunge we've just seen I wouldn't be betting on the downside from here regardless. Price is now in a channel between 32 support and 39 resistance. Only a break of either price point would change things. Doesn't really matter a damn what anyone 'thinks' regardless of what they use to determine their thoughts. The old trading plan of buying support and selling resistance has stood the test of time more than anything else. It always has been a no brainer but everyone likes to complicate things. Just human nature to screw with what works and XXXX it all up,lol................