Good Morning Dynamic Traders,
Hope you have had a good week so far. Today is Non Farm Payroll so lots of volatility expected at the US market open. I am not suggesting you open a new position today but below is a chart for Silver which looks like a potential trend trade set up should price break through previous resistance.
Since October 2008 price has been doing a steady climb upwards. In May 2010 it went into somewhat of a consolidation mode with price going sideways and is now looking like it is about to re-test resistance. If the bulls are strong then price will indeed break through and provide us with a long opportunity to enter the market.
Wish you all a lovely weekend!
Bijal Shah
Tags: silver
