Silver Breaks Through Neckline Of H&S Bottom - BofA Merrill
Analytics & Forecasts

Silver Breaks Through Neckline Of H&S Bottom - BofA Merrill

19 April 2016, 22:53
Vasilii Apostolidi
Vasilii Apostolidi
0
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The price breakout up through the Ichimoku cloud and horizontal neckline at $16.10 points silver back to a historically important area of about $18.59.

The Ichimoku cloud is also nearing a bullish cross while MACD just turned more bullish by crossing above zero.

Momentum as defined by RSI broke out to its highest level in years suggesting momentum supports this trend.

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