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Silver Exhaustion Gap Confirming profit booking can appear any time

Today Comex silver opened at 47.25 and a gap left between previous sessions closing. This types of gaps are known as the change in the interest of the crowd and these gaps are the sign of reversal in the current trend. The gap that is left in silver today is known as the exhaustion gap. Normally these gaps show the interest of greedy crowd. Due to extreme bull move now bears are in panic and they are trying to exit their shorts that are confirmed by the gap on daily chart. Now bulls can start the profit booking and trend can reverse any time. And we can see some correction due to profit booking. Stay in touch with us after confirmation of this correction I will also update you with full entry exit levels.

Comments

Optimistic Amol said…
Sunil sir,
aapke & aapke analysis ke baremain bolna chahta hoon but i m nt getting exact words to appriciate u.... really ur the BAAP in analysis.... apka view becomes market trend..... really gr8.....!
April 25, 2011 at 9:29 PM
Anonymous said…
sir i have a shot silver at 69500 can i hold it plz suggest me
April 25, 2011 at 9:30 PM
Anonymous said…
sunil is the baap of market and its proved again with silver.great analysis and great call......
seetaram
April 25, 2011 at 11:02 PM
Unknown said…
sir i have a long position in silver @72500 shall i hold the position or cut the position kindly tell me sir i need ur help.
April 26, 2011 at 8:25 AM
Anonymous said…
sir i am in long since 71980. Yesterday seen much berish trend. Now can you help what to do. I mean hold or book loss once ?
April 26, 2011 at 8:46 AM
Sunil Rathi said…
thanks all for your appreciation, trend is still on the place till silver not close below 66400 trend will not change if silver trade below 66400 more then one hour then can create panic other wise no need to worry and u will get the chance to exit near 70000 if u are ready to hold risk then stay long with sl of 66400 on closing basis or a break below $45 on comex fut if todays day low on comex is $44.61 again if silver fails to hold $45 and trade below this more then 1 hour we will see more panic in the streets and fall expected till $42 soon
April 26, 2011 at 1:25 PM
nirav said…
thanks sir. Will keep your advice and will mail you. Thanks once again.
April 26, 2011 at 5:49 PM
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