Daily analysis by DayTradeIdeas - 19/10/2023| FXMAG.COM

Therefore a break above 1965 targets 1970/75 & 1980/82, perhaps as far as 1986/88. I will watch carefully for a sell signal.

Strong support at 1938/33. Longs need stops below 1928.

Silver XAGUSD longs at first support at 2255/50 working perfectly as we target 2278/81 & the break above 2285 was a buy signal on Tuesday targeting 2295 & 2320/30. A high for the day exactly here for a nice 70 tick profit.

First support at 2275/65. Longs need stops below 2260.

A break lower meets strong support at 2235/25. Longs need stops below 2215.

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WTI Crude December futures meet good support at 8690/60 & even better support at 8590/8560. Longs need stops below 8500.

Obviously we need a break above yesterday's high at 8857 for the next leg higher in the bull trend targeting 8970/90. If we continue higher look for 9060/9090.

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk

Daily analysis by DayTradeIdeas - 19/10/2023

Jason Sen

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