Cerebro1's  Instablog

Send Message
I am currently working as a Currency Strategist at the Trinidad and Tobago Unit Trust Corporation with responsibility over the TTUTC Global Bond Fund. I was previously responsible for the TTUTC Universal Retirement Fund. I am a graduate from the University of the West Indies with a Bsc. in... More
My blog:
  • CTA 24-Jan-14 - XAGUSD 0 comments
    Jan 24, 2014 4:25 AM | about stocks: SLV

    XAGUSD (Silver) appears to be completing its pennant formation, with support around the 19.95 price level. Given the pattern formation of the pennant, a price target of 20.60 has been calculated. Based on current price levels this would be a 3% move higher. A stop should be placed around 19.88, a little below the support area of 19.97. Thus the trade is risking a 0.57% loss for a 3% gain. The chart below shows XAGUSD.

    (click to enlarge)

    Stocks: SLV
Back To Cerebro1's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.