SIN10 – July Silver (Last:18.290)

The first place where bulls would become resurgent today is at 18.515, one consequential tick above a small peak among several left on the hourly chart by last week’s steep descent. The rally would become unstoppable, however, on a print at 18.815, a tick above a more important peak recorded two weeks earlier. That would also surpass a midpoint resistance at 18.795 that is associated with a ‘D’ target at 20.175.  Please note that a correction down to as low as 17.750 would not diminish the bullishness of this week’s rally one bit.