SILVER COMEX FUTURE (MAR) SIH13 SETTLE $ 29.67
The March Silver contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today.
The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position.
Cycle Indicators have moved into a region where short term cyclical lows often form, but both the larger and more immediate trends are to lower prices. Odds favor further downside in early morning trade.
Also Look for an opportunity to sell the break of yesterday's 29.635 low with a stop just above the 30.195 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
The Momentum Pinball Buy signal, however, tells us to change our bias to the upside if the day's first hour high happens to be taken out
Happy trading
Rahul Kumar
Gold Specialist
Contact : +91 895-8173-410
The March Silver contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today.
The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position.
Cycle Indicators have moved into a region where short term cyclical lows often form, but both the larger and more immediate trends are to lower prices. Odds favor further downside in early morning trade.
Also Look for an opportunity to sell the break of yesterday's 29.635 low with a stop just above the 30.195 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
The Momentum Pinball Buy signal, however, tells us to change our bias to the upside if the day's first hour high happens to be taken out
Happy trading
Rahul Kumar
Gold Specialist
Contact : +91 895-8173-410
