3pm update - melt into the close ?

The main markets continue to hold moderate gains. There is simply no sign of weakness, and with opex tomorrow, and an even larger POMO fuel tank to be issued, bears should be sitting well away. The USD is moderately lower, but its still holding key support.


sp'60min

Summary

No reason to expect any weakness in the closing hour.

Lets see how high the algo-bots can melt it!
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SLV appears to be holding together. Hourly charts offer near term upside, but mid-term - into April/May looks VERY suspect.

*I will hold SLV overnight, and look to exit on an opening gap higher in the 28.20/40 zone.
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back after the close