Crude…Pattern Alert…Silver

Crude has a potential double bottom working on the Monthly and weekly charts..

A close over 104.15 (K) is needed for an ORH day.

Silver…32.60 has been acting as the near term pivot over the past week. We’ve been a dollar lower, so now we could rally as high as 33.51 ( which is the 50 day), however 33.26 will be a place to trap new Bulls the first time up. Only closing over this area will lead to higher prices.

 

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