(16 JULY 2018)Silver spot ($):Bullish bias above 15.7200.

(16 JULY 2018)Silver spot ($):Bullish bias above 15.7200.

16 July 2018, 10:26
Jiming Huang
0
41

sl

Pivot (invalidation): 15.7200

Our preference

Long positions above 15.7200 with targets at 15.8700 & 15.9300 in extension.

Alternative scenario

Below 15.7200 look for further downside with 15.6600 & 15.5800 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL) 

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