Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Silver/Dead Cat Bounce Only So far *PIC*

Silver bounced off major support at 26.50 but is already approaching resistance being the falling 20ema and downtrendline. Price would need to clear 31 once again to suggest there is a reversal in this downtrend from its April highs. No cigar so far with plenty of resistance above. Price is below its 200ema for the 1st time in 2 years as well which is now falling in a downtrend and way up there at 33. Not a good sign with all major moving averages well above price and falling.