Silver Futures (SI1!) H4 | Potential Bullish Bounce
Type:
Bullish Bounce
Key Levels:
Resistance: 33.33
Pivot: 32.46
Support: 31.86
Preferred Case:
Looking at the H4 chart, the price could fall towards an overlap support where it could potentially make a bullish bounce off this level to rise towards the 1st Resistance at 33.33.
Alternative Scenario:
Price may break below the Pivot at 32.46 and fall towards the 1st Support at 31.86.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.