Silver - SIN2015 - July Futures Contract - BULLISH SETUP

16.53 last

18.00 target

16.125 stop

Reasons:
1. Cluster of 5 days where the high is very similar = explosion pattern.
2. Range expansion "UP-bars" on the daily chart highlighted with blue triangles.
3. Range expansion "UP-bar" on the weekly chart
4. Volume building at the 16.50-16.60 level appears to be a breakout level if breached could lead to a balance point up in the high $17 range (maybe $18 or more).
5. Close stop makes it an attractive trade even if I am wrong.

Tim

4:13PM EST 16.53 last SIN2015, SLV 15.81 last
GLDGoldMetalspreciousSilverSLVVolatilityXAG USD ( Silver / US Dollar)XAUUSD

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