SI - testing 40dma & 200dma Long

Silver FuturesCOMEX

Description

⋅ Jun 3, 2019 5:35 PM

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.

Comment

⋅ Jun 7, 2019 8:17 PM

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