I’ve opened up a long on this silver play for anyone interested. FSM.

Hey Randy, could we take another look at Precious metals soon. I see Platinum a bit excited today +4%. EUR/USD trying to make a break for it from the retest of the down channel?

I don’t like it as it wasn’t just another pullback to the bottom of that rising price channel, rather /NG just broke below it. There is another potential trendline off that same Jan 3rd low that comes in about at today’s low (so far) in /NG & just below that you have several reaction lows following that Jan 3rd low which provides a support zone.

Again, not ideal price action for the bullish case so far today & this thrust lower increases the odds that /NG might want to make an impulsive, stop-clearing run down below that Jan 3rd low but if it does so & reverses shortly afterward, that will only extend the existing bullish divergences that were already in place at the Dec 3rd low. Your call if you want to ride out that possible scenario & even then, there are no guarantees that any new low will only prove to be a marginal new low followed by a reversal.