Silver FuturesLong
SI - testing 40dma & 200dma
Updated
Silver broke back above the down trend line that it fell below in early may.
It is now testing the 40dma and 200dma as of me writing this. I would buy this on a pullback. Areas of resistance afterwards are: $15, $15.35, $16.40.
It is now testing the 40dma and 200dma as of me writing this. I would buy this on a pullback. Areas of resistance afterwards are: $15, $15.35, $16.40.
Note
No pull back yet. Ended the week right at the 10wma (50dma). There is volume to support this break out, though it is struggling around the $15 level. Still in wait and see mode on how it reacts to $15
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