SIN10 – July Silver (Last:18.250)

The futures did everything we asked of them yesterday and more.  A little ABC pointed most immediately to at least 18.430, but the key to price action over the near term lies at 18.795, a midpoint resistance whose breach on a closing basis would signal more upside to as high as 20.170 (hourly chart, A=17.080 on May 5).  I’ll stipulate a two-day close above that number to be doubly sure it’s dead.  Unfortunately, there were no easy handholds for nightowls shortly after midnight EDT.