SILVER TECHS: Impulsive Bull Wave
- RES 4: $71.771 - 2.618 proj of the Oct 28 - Nov 13 - 21 price swing
- RES 3: $70.000 - Psychological round number
- RES 2: $68.397 - 2.236 proj of the Oct 28 - Nov 13 - 21 price swing
- RES 1: $66.893 - High Dec 17
- PRICE: $66.318 @ 18:16 GMT Dec 18
- SUP 1: $58.964 - 20-day EMA
- SUP 2: $53.873/48.644 - 50-day EMA / Low Nov 21
- SUP 3: $45.557 - Low Oct 28
- SUP 4: $41.135 - Low Sep 17
Trend signals in Silver remain bullish and yesterday’s extension reinforces the current bull theme. Note that moving average studies are in a bull position and this continues to highlight a dominant medium-term uptrend. The metal has also traded through the psychological $60.00 handle. Sights are on $68.397 next, the 2.236 projection of the Oct 28 - Nov 13 - 21 price swing. Initial key support lies at $58.964, the 20-day EMA.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EU-BOND SYNDICATION: 2.50% Oct-30 EU-bond tap
- Guidance: MS + 15bps area
- Tap Size: E5bln (WNG) (MNI expected E5-6bln)
- Settlement: 25 Nov 2025 (T+5)
- Maturity: 14 October 2030
- ISIN: EU000A4EG021 (immediately fungible)
- JLMs: GSBE SE / HSBC / J.P. Morgan (DM/B&D) / Natixis / UBS
- Timing: Books open, today’s business
AUDUSD TECHS: Bear Threat Remains Present
- RES 4: 0.6660 High Sep 18
- RES 3: 0.6644 76.4% retracement of the Sep-Oct bear leg
- RES 2: 0.6618 High Oct 29 and a key near-term resistance
- RES 1: 0.6525/6580 20-day EMA / High Nov 13
- PRICE: 0.6492 @ 08:05 GMT Nov 18
- SUP 1: 0.6459 Low Nov 5
- SUP 2: 0.6440 Low Oct 14 and key support
- SUP 3: 0.6415 Low Aug 21 / 22 and a bear trigger
- SUP 4: 0.6373 Low Jun 23
A sharp move down this week so far, in AUDUSD, highlights a clear bear threat. This also reinforces a short-term bearish signal on Nov 13 - a shooting star (inverted hammer) candle formation. Note too that moving average studies are in a bear-mode position, highlighting a dominant downtrend. Key short-term pivot resistance has been defined at 0.6580, the Nov 13 high. A continued sell-off would expose 0.6440, the Oct 14 low.
US TSY OPTIONS: TYFG6 114.50 Calls Lifted
TYF6 114.50 calls 3K trades at 0-17, initial activity was buyer initiated.
