Silver Buy Signal
French Stock Market Index
For the past 52 weeks, The French Stock Market Index has been within a weekly range of 4,310.88 - 5,442.10. Averagely this index is in a downtrend. Since May 4th this year, this index entered into a falling wedge, not going above or below this wedge. I expect a decline in price towards the daily support line 4974.2 during this week. While the price is still within this wedge, I'm only interested in trading reversals . Most importantly, I'm interested in sell orders especially around the upper resistance trend line. If the daily support line 4974.2 is broken, then I expect a drop towards 4762.9.
Look for short positions towards 4974.2
Platinum Buy Signal
On 9th August, Platinum broke out above the resistance line 972.70 in peanut candle. I expected a sharp rise towards 997.15, but this commodity, plunged below the same line before getting back above. I expect the current consolidations above 972.70 to be preparations to continue long towards 1028.75. On the way upwards, the key levels that has to be looked at includes 983.88, and 997.15, if 983.88, is broken, then I expect a rise towards 997.15, if this is broken, then a rally towards 1028.75 will be next possible rally. My expected trading range for platinum include 950.67-1043.21
long towards 997.15.
Silver Buy Signal
On August 9th this year, Silver markets rose above the resistance line 16.90 with a big green candle, the commodity then tested the same line bu could not close below it. Currently, silver is consolidating above 16.90, this is a possible hint, that silver could continue with it's bullish bias domination towards 17.72. The consolidations above 16.90 reinforces the price stability with the bullish range, also the last trading day's candle is a perfect bullish engulfing candle closing above 16.90, and could signal a rise towards 17.72
Long silver now towards 17.72
Imelda MasenoAnalyst of «FreshForex» company