Type: Bullish ContinuationKey Levels:Resistance: 25.660Pivot: 24.325Support: 23.910Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 24.325 in line 78.6% Fibonacci retracement towards our 1st resistance at 25.660 in line with 100% Fibonacci Retracement . Our bullish bias is further supported prices trading above our ichimoku clouds .Alternative Scenario:If prices were to reverse, they can potentially dip towards our 1st support at 23.910 which is a graphical swing low and also in line with 100% Fibonacci extension .Fundamentals:Amidst highest inflation recorded for the most developed countries, we are likely to see crowds flock to safety on safe-haven assets such as precious metals, supporting a overall bullish bias. As the renewed attacks and scheduled negotiations are on the way, we would expect much volatility from the asset.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/silver-futures-sik2022-h4-bullish-continuation2"
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