I have placed an order to buy silver at 21 with a stop loss set at 20. My take profit point is open.
When silver dipped to $20.16 on June 17, 2013, most of the long positions were shaken out and the price bounced right back up. The $20 price point should now offer strong support. The price action may bounce between 20 and 21 as silver looks for it's footing. I will be watching the price action closely. This is not a recommendation to buy or sell, but if you'd like the detailed analysis on this trade to evaluate the risks on your own, please visit CV Analysis.
My long oil position is still open.
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