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Micro Silver FuturesMM

Micro Silver Futures

36.795USDD
+0.655+1.82%
As of today at 15:40 GMT
USD
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SIL1! trade ideas

SilverKey Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is currently above the 200 MA, indicating a potential bullish trend. • 50 MA (Yellow Line): The price is also above the 50 MA, reinforcing the short-term bullish sentiment. 2. Relative Strength Index (RSI): • The RSI is around 60, indicating bullish momentum but not yet overbought. This suggests potential for further upward movement. 3. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, indicating bullish momentum. The histogram supports this with positive values, although there is a slight decrease suggesting a potential slowdown. 4. Bollinger Bands: • The price has recently touched the upper Bollinger Band, indicating it might be overbought in the short term. This often suggests a potential pullback to the middle band (20 MA) or lower band. 5. Fibonacci Retracement Levels: • 0.236 (30.94), 0.382 (30.59), 0.5 (30.31), 0.618 (30.03), 0.786 (29.61) • The price is near the 0.236 Fibonacci level (30.94), which could act as resistance. The other levels serve as potential support if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is bullish as indicated by the price being above both the 50 MA and 200 MA. 2. Bullish Momentum: • The RSI around 60 and the MACD indicate bullish momentum, but the slight decrease in the MACD histogram suggests monitoring for potential signs of weakening. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (30.94) and potentially the upper Bollinger Band. • Support: 0.382 Fibonacci level (30.59), 0.5 Fibonacci level (30.31), and 0.618 Fibonacci level (30.03). 4. Momentum Analysis: • The MACD indicates bullish momentum, but the slight decrease in the histogram suggests a potential slowing. This requires monitoring for signs of a bearish crossover. Potential Buy and Sell Levels: Buy Levels: 1. Support at 0.382 Fibonacci Level (30.59): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 30.59 • Stop Loss: Below 30.50 (just below the support level to avoid false breaks) • Take Profit: First target at 30.94 (0.236 Fibonacci level) and second target at 31.42 (previous swing high) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 30.30 (if the lower Bollinger Band is around this level) • Stop Loss: Below 30.20 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 30.80) Sell Levels: 1. Resistance at 0.236 Fibonacci Level (30.94): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 30.94 • Stop Loss: Above 31.00 (just above the resistance level) • Take Profit: First target at 30.59 (0.382 Fibonacci level) and second target at 30.31 (0.5 Fibonacci level) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 30.80 (if the middle Bollinger Band is around this level) • Stop Loss: Above 30.90 (just above the middle Bollinger Band) • Take Profit: First target at 30.30 (lower Bollinger Band) and second target at 30.03 (0.618 Fibonacci level) Summary: • Buy Levels: • 30.59 (with stop loss below 30.50 and take profit at 30.94 and 31.42) • Around 30.30 (with stop loss below 30.20 and take profit at 30.80) • Sell Levels: • 30.94 (with stop loss above 31.00 and take profit at 30.59 and 30.31) • Around 30.80 (with stop loss above 30.90 and take profit at 30.30 and 30.03)
B
by KironKavanagh
WEEKLY FOREX FORECAST: DXY, INDICES, GOLD, SILVER, US OILThis is Part 1 of the Weekly Forex Forecast. In this video, we will cover: USD Index, S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
C
by RT_Money
Gold & Silver Build Momentum Into A New Rally PhaseAre you following my videos/research? If not, pay attention. Gold and Silver will start to build momentum over the next few weeks - eventually moving 5 to 12% higher before mid-September. This is a huge move for metals and will prompt Gold to attempt a rally toward $2750 while Silver attempts to rally above $32 - possibly targeting $34. The dynamics of the global markets and the pending US POTUS elections will continue to drive global traders harder into precious metals as a hedge. Nothing has changed. The only thing that is new and taking place right now is the pause in metals is nearing an end point - which means we shift into bullish trending again. Get ready - here we go (BULLISH)
CLong
by BradMatheny
Silver to proceed down to 28 - Stop above 50% of Friday's Move06.22.24 The size and structure of the waves in the decline so far lead me to believe that we can NOT defeat the large blue 5th wave (that lead us to the highs) in this set of waves down... that we will need a break of structure to the upside (or a new high) before that will be possible. But since we have no break of structure back to the upside, it does look like the sequence of waves should continue lower. Yellow A seems to be a leading diagonal that held below the 50% retracement and this is additional support for the thesis. Because Yellow Circled A is a leading diagonal (a motive structure) it is very likely that the following C wave will be an impulse. By pausing at the 62% of the B up, I think that the market has shown us this will be wave 1 of Yellow Circled lower, and we can expect a mild retrace before a 3rd wave lower that should break through the 62% of the entire wave up, before pausing and retracing a 4th wave back to the same 62% - and then making a final low in a 5th wave. These targets are using my new Rule 62. 50% of the blue 5th wave makes perfect sense for C to complete there, and if our pink second wave does indeed hold a 38.2% retracement, then the 138% for 3 and 162% for 5 line up perfectly... additionally C as 78.6% of A is the most common target I have seen for abc's where a is a leading diagonal. Last but not least, because I don't think we will defeat the blue 5th wave in this move, a hold of it's 78.6% will also make perfect sense.
CShort
by FuturesIntelTM
1
WEEKLY FOREX FORECAST: INDICES, GOLD, SILVER, US OILThis is Part 2 of the Weekly Forex Forecast. In this video, we will cover: S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
C
by RT_Money
Extended flat pattern in the fourth waveGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. Regarding the silver market, I believe it behaves similarly to the gold market. Currently, I see it in the third wave, which is the fourth wave in an extended flat pattern. However, this analysis is subject to change. In both cases, we need to observe the price action using an impulse pattern and look for the formation of a corrective pattern to determine potential price targets. Keep in mind that the corrective pattern can take various forms. Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody)
CLong
by Mehdi_Abbasi_EWP
Silver: This Level Could Invite Massive BuyingGold (August) / Silver (July) Gold, last week’s close: Settled at 2349.1, up 31.1 on Friday and 24.1 on the week Silver, last week’s close: Settled at 29.472, up 0.406 on Friday and 0.032 on the week Silver futures corrected more than 12% from the May peak, and we could have seen a constructive capitulation on Thursday and Friday. We have always said the 50-day moving average is critical for Silver, and it tends to stay above or below it for an extended period of time. It comes in today at 29.12, rising from $29 through the middle of last week. Silver traded as low as 28.73 before settling the week at 29.472. That low also tested a critical .382 retracement back to the low of the year. We tend to believe markets in an uptrend (or downtrend) will remain strongly in such while holding a .382 retracement. The next few session will prove critical for Silver and we believe a close above rare major four-star resistance at 30.23-30.36, which aligns with Wednesday’s Fed gap settlement, will invite a tailwind of fresh buying. Bias: Bullish/Neutral Resistance: 2341.2-2344**, 2349.1-2354.8****, 2357.8-2358.8**, 2370.2*** Support: 2329.7-2332.9***, 2322.5-2324.3**, 2316.7-2318.5***, 2308.7-2310.9***, 2302.4-2304.5***, 2227.5-2256.4*** Silver (July) Resistance: 29.57-29.72***, 29.85-29.87**, 29.94-29.99***, 30.07-30.09**, 30.23-30.36**** Pivot: 29.37-29.47 Support: 29.06-29.13***, 28.96**, 28.70-28.80**** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
C
by Blue_Line_Futures
[Commodity] Silver Intraday Trade Idea Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MLong
by Amit_Ghosh