Silver - Intraday - We look to Sell at 15.30 (stop at 15.45)
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Trading inside the Daily Ichimoku Cloud. Expect trading to remain mixed and volatile. 2 consecutive positive sessions have been posted. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look for a temporary move higher. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower.
Our profit targets will be 14.85 and 14.65
Resistance: 15.15 / 15.30 / 15.45
Support: 14.65 / 14.50 / 14.25
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Trading inside the Daily Ichimoku Cloud. Expect trading to remain mixed and volatile. 2 consecutive positive sessions have been posted. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look for a temporary move higher. The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower.
Our profit targets will be 14.85 and 14.65
Resistance: 15.15 / 15.30 / 15.45
Support: 14.65 / 14.50 / 14.25
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