LineKing

Silver is a great trade

COMEX:SI1!   SILVER FUTURES
31 7 0
The lines show us the long-term bear market has broken technically - repeatedly verified by reaction at lines.

PA needs to follow, so does NOT mean silver             cannot still head south by a large % (c40%). OR hold here at 13.8.

Otherwise short if it breaks all the way back to the dominant line.

Long if holds.

Either way, big opportunity.

Updates to follow
Scratched
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Just survived. Will flatten if not stopped OR not moved far enough from entry for potential ripple effect on the CRB Index caused by the Crop Report (12.15 EDT). No new commods entry until 13th.
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Re-entry @78.6 retrace of US pre- session highs (from daily lows). Stop just below 88% = risk as tight as tight can be
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Like it. B/E now for retest of hourly Ch Top
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Long here against intraday bottom (CASH). R/R play
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Otherwise will short
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I dont pay for intraday data on this package. If you do - or have access somewhere - lovely line on hourlies from peak on 7th, touched on 11th, as of this post $4 below. Current retrace held numerous reststs of 78.6 retrace of initial swing up (15th December - 24th December). A break of this line - ideally in conjunction with what is starting to look like another $ surge - TBC see DXY chart - would be v bullish)
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