Silver at long-term channel support

• Last week opened with a "washout" low in the early hours that nearly dipped to $20.
• Price was neatly supported by the lower boundary of the longer term channel from 1999 - see longer term chart below. 
• Now with slight positive divergence on the Daily RSI there is the potential for a bounce into the high twenties, and maybe more if the descending blue channel is taken out.
• For now, a close above $23.85 would be supportive of this view.

Crude Oil getting ready to trend

Compressed Bollinger Bands indicate an imminent breakout from of the narrowing range. Support around $85 and resistance around $100.

NDX bull count update

Valid as long as we stay above 2412.52

HUI approaching important support

The chart below shows channeling in mining shares for the rally that began in 2000. Now we are approaching the bottom rail of the channel, along with the 61.8% retracement of the post 2008 rally. Sentiment is in the pits and weekly RSI is oversold. If the channel holds, this maybe the perfect spot to load up on choice Precious Metal mining shares.

VIX picking up slowly

A higher high and higher low are in place. The middle of the channel is at around 25.

EUR remains in a downtrend

The chart says it all really ... trading above 1.3175 would set up a test of the medium term pivot.

UBS on the verge of breaking out of 2008 bear market trend-lline

Favour rally for the time being. Can easily go to $20, and possibly even up to $30 in the next year. Following that 2014-2016 can result in some pretty bad times.

Possible "ideal" price paths shown below.