Hi Traders,
Silver is at a interesting zone right now.
One the one hand the longterm long trend is still valid. But we are close on the last low at $22.1
At this zone we have a massive support with last Daily low and also longterm daily trendlie.
Looking at today´s candle it seems that we might get a long reversal (possible bullish engulfing).
TP could be the Zone arround $24.4 where we have a resistance with also some key points and another trendline.
Wish you all great success!
Team tegasFX
Silver is at a interesting zone right now.
One the one hand the longterm long trend is still valid. But we are close on the last low at $22.1
At this zone we have a massive support with last Daily low and also longterm daily trendlie.
Looking at today´s candle it seems that we might get a long reversal (possible bullish engulfing).
TP could be the Zone arround $24.4 where we have a resistance with also some key points and another trendline.
Wish you all great success!
Team tegasFX
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