Silver Futures (SI1!) H1 | Falling to Pullback Support
Type:
Bullish Bounce
Key Levels:
Resistance: 35.07
Pivot: 34.40
Support: 34.05
Preferred Case:
Looking at the H1 chart, the price is falling towards a pullback support where it could stabilize before making a bullish bounce towards the 1st Resistance at 35.07.
Alternative Scenario:
Price may break below the Pivot at 34.40 and fall towards the 1st Support at 34.05.
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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.