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Silver is about to test major longer term support [Video]

Jason Sen DayTradeIdeas.co.uk

Silver has collapsed again, this time from resistance at 5770/5800 to my targets of 5760/5730, 5660/40 & the June low at 5590/5560, exactly as predicted.

The break below here was expected in the bear trend!

Next target is 5470/5430 for profit-taking on shorts.

This has been hit overnight & further losses are expected to 5370/50 and 5250/5220

First resistance at 5570/5600 & shorts need stops above 5620.

Next resistance at 5660/5680 & shorts need stops above 5720.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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Silver is about to test major longer term support [Video]

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