In just 3 weeks silver has moved up almost, 3990 points. Resistance is 40500 level for active traders. Level 40500 is heart-breaker because once silver will sit above this level then you can’t expect what happen next. It may show you 41250-42300+ levels.
But… that thing happens while it go up then resistance level, right? But what if it will stay below it? You must sell it for 39500-39000 levels.
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Copper closed at 334.5 (3.95+) with 1.19% change. Copper rose almost 25.5 point in last two weeks and if it will break & close above the Trendline – A then copper move up until it touch once Trendline – 2. If copper will move down this week to correct, the price correction, so we may see copper this week between Trendline – A to Trendline – B.
More information about copper I’ll update due to market hours for premium subscribers only.
Day traders can buy natural gas for 146 level. 146 is a hurdle level and if natural gas close above the hurdle then we will see 150-155 levels in coming days.
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