Silver Trading Course on SI 05-13 E-mini Futures

Silver Trading: my post will be small on this one. Since Gold and Silver move almost same way. But still, have some interesting thing to show about Silver.

Silver Chart

Silver trading Course:

Silver is in Bearish Channel as gold, and All my DeepPink are important price to watch. My orange Area and 2 line, are the targets and area where silver should go if we go Long. On Silver as on Gold, I’m more “Long” than “Short”. The only reason, I’m both direction on market on any index now, it’s because those few days, it was very hard to see market direction and we consolidate for too long to see clearly who’s winning.

On gold, I din’t like the fact on last move sellers bring price to very low on last move, On Silver, I don’t like the fact,Sellers din’t go to the 200MA and retest my lower red trend line on weekly.

Silver Chart

Silver Daily Target and Direction:

As you can see Sellers and Buyers try to push market they direction, almost same size of price-failure on both side.  Market can’t decide silver direction, can’t tell witch direction it will go. It’s why, If you decide to take Short or Long, Look on Silver Volume, we need strong commitment from one player only. To make it more easy, watch Gold Direction. We should get out of this long consolidation next week.

Target Long: 29.38 – 29.85 -Red Line

Target Short:28.53 – 27.94 – 27.34

Looking for very short trade, low profits. As this low range, you need to know how to manage your risk properly.