SILVER 0.30% $15.25 silver futures

Silver Futures Price Action

  1. 601 Posts.
    lightbulb Created with Sketch. 28
    Woah Silver... Away!!

    Taking a look at the monthly Silver future it can be seen that since price bounced off LT support at about 1362 earlier in the year, price has been making bullish moves towards overhead resistance at about 1640. Momentum is slowly turning bullish, however is still in its early days.

    Id like to see price convincingly break above 1640 in the ST before making any other projections. This should coincide with a MACD upcross and continued positive expansion of the MACD histogram along with the formation of Stochastic higher lows leaving the oversold region - which would be very bullish.

    This may be one to watch.

    20160415_SIc1M.jpg
 
watchlist Created with Sketch. Add SILVER (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.