Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

Silver  XAGUSD

1. 1. Silver break above 5370 was our buy signal targeting 5400/5405 & 5440/50.
2. 2. Nearly there with a new all time high at 5435 as I write over night.
   
   WTI Crude November future
   Last session low & high: 5726- 5911
   (To compare the spread with the contract that you trade).

WTI Crude made a high for the day exactly at tend line resistance at 5900/5940 & the expected break below 5760 was triggered targeting 5720/00.

A low for the day just 6 ticks above offering up to 175 ticks profit on the day.

Further losses are expected to eventually target 5660/5640. A break below here retests the 2025 low at 5530/5510.

Resistance at 5845/65 & shorts need stops above 5900.A sell opportunity at 5935/50 & shorts need stops above 5985.

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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.

Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Jason Sen, Director

https://www.daytradeideas.co.uk

20251017