Short the Australian Index
Since 20th June, Silver entered into a rising channel and is still rallying within it. Following the rejection from the lower trend line acting as the bottom of the rising channel. I expect a rise towards the upper trend line acting as the top to the rising channel. As long as the price remains within this channel, I'm only interested in trading reversals. A breakout below the lower trend line will mean waiting for breakout below 16.58 to short Silver towards 16.36.
R1: 22.01
S1: 16.01