SIN10 – July Silver (Last:18.680)

Yesterday’s bull trap did barely any damage to the hourly chart, let alone the daily. Still, there is short-term downside potential to 18.420 if yesterday’s low, 18.625, is breached by more than a tick or two.  You can bottom-fish the lower number with a stop-loss as tight as three ticks. If bulls turn things around with more corrective action, a print at 18.880 is where they’d begin to look credible.