June NFPs and labor data is due Friday with a forecast of around 180k jobs added, 4.3% jobless rate and 2.6% wage growth.
This simple blue CHANNEL ABC include a lot of information inside. Each point on the channel is telling you how important structure it is , including the last one long needle to touch 14.3. We cant long it now ,as the sl is too huge to trade. We cant short it too, as it is too risky to do so, the long needle scare us AND Silver still has chance to touch 14.3 again. The point of this chart is that do not trade it now b4 we have a great entry position to long .LOL.
Less is more!
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waiting for signals . hv a great weekend, traders.
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hello , traders, Its risky to long silver right now. As the you cant afford such sl. 14.1 is the support position for silver.