After stalling briefly at p=18.27, the December contract is trying to turn it into support. By merely closing above the midpoint pivot, however, the futures have made p2=18.53 no worse than an even-odds bet to be achieved. A pullback in the meantime to the green line (x=18.00) would trigger an attractive ‘mechanical’ buy; stop 17.73. The implied $5400 entry risk on four contracts warrants a ‘camouflage’ set-up on the 15-minute chart or less to reduce the theoretical risk by at least 80%.
SIZ22 – December Silver (Last:18.345)