December Gold closed down 5.4 at 1004.9. This was 7.7 up from the low and 1.9 off the high.
December Silver finished down 0.185 at 16.88, 0.095 off the high and 0.245 up from the low.
Technical Outlook
COMEX SILVER (DEC) 09/22/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's short-term trend is negative as the close remains below the 9-day moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is now at 1635.0. The next area of resistance is around 1709.5 and 1727.0, while 1st support hits today at 1663.5 and below there at 1635.0.
COMEX GOLD (DEC) 09/22/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is enetrated. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is now at 991.6. The next area of resistance is around 1010.8 and 1015.5, while 1st support hits today at 998.8 and below there at 991.6.
December Silver finished down 0.185 at 16.88, 0.095 off the high and 0.245 up from the low.
Technical Outlook
COMEX SILVER (DEC) 09/22/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's short-term trend is negative as the close remains below the 9-day moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is now at 1635.0. The next area of resistance is around 1709.5 and 1727.0, while 1st support hits today at 1663.5 and below there at 1635.0.
COMEX GOLD (DEC) 09/22/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is enetrated. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the pivot swing number is a mildly negative setup. The next downside objective is now at 991.6. The next area of resistance is around 1010.8 and 1015.5, while 1st support hits today at 998.8 and below there at 991.6.
No comments:
Post a Comment