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The March Silver contract has fired 2 Day ROC Buy, 90-10 High Continuation, and Low Breakout Continuation Setup signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day's trading closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. Cycle Indicators (chart at right) are mixed, but the more immediate trend is to higher prices. Odds favor continued upside, but the Low Breakout Continuation Setup signal tells us that we'd want to be on board any downmove. Trade the break of yesterday's 34.490 high to 33.610 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 34.177 Daily Pivot level may provide clues for earlier entry.
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