KaibaraYuzan

$SI_F Silver broke above $16

Long
COMEX:SI1!   Silver Futures
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4
Very tight consolidation pattern is usually a continuation pattern. In this case upward.

MACD , Stochastics, PMO indicators still strong.

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Silver already passed my TP@ 16.29 = upper BB. Now $16.6.
Next TP would be weekly 200MA = $16.675. Already very close to it.

This move is unexpectedly fast as this does not look like a short squeeze. (see COT report. Large Specs/MMs are net buyer here.)
I'm long based on a good bull flag formation but actually not so much in volume.

Commercials have been dumping this metal since 2011 when it moves above 200MA.
If you long, tighten the trailing stop.
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Where would your first tp be approx.?
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