Sunday, December 15, 2013

15 Dec 2013

 Long term overbought
 Short term bounced some on Friday.  Remains oversold.
Medium term is starting to get oversold.  Note the trend change of higher lows since December of 2012 has been somewhat broken.  We'll see if we challenge the lows from earlier this year.

Silver seems to be finding support at its long time resistance level from 2010 and prior.  I'm waiting to see if it break through its descending resistance trendline.

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