SIN10 – July Silver (Last:18.610)

The trendline noted here yesterday still looks like the most logical place to look for support. Its rising slope implies a bounce from anywhere between 18.270 and 18.290, depending on what time of day the support is touched. Alternatively, buyers would need to push the futures to a close above 18.900 today to put bears on the defensive.  That’s a midpoint resistance whose ‘D’ sibling lies at 19.43.