Wednesday, July 6, 2011

Silver Overbought and at Resistance. 7:55 AM CST 7/6

(Chart 1 - Silver Daily Chart)

I posted here over the weekend that silver would head up, but stall at the top of this magenta channel.

So far it has done this.
Halfway through the day, 35.94 is proving to be strong resistance.
Not a bad place to sell here with a 32.80 target.
Stop if it closes over 36

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