Derivati_Capital

Silver Hitting Strong Support

Long
COMEX:SIK2019   SILVER FUTURES (MAY 2019)
Indicators point to a bounce off of low risk entry.

Look at all that sell volume that hits like a hammer - smells like opportunity. Hitting the strong support of 15.00 on dying volume . CCI , RSI and strong support are on favorable terms for a low risk long at this position. Banks love dumping those futures to acquire physical at the cheap.

Comments

Nice call here!
Reply