Technical Outlook and Chart Setup:
There is no change in the trading structure and setup since our last analysis. Scalping remains the best suggested trading strategy for now, with the price range getting narrower with every day. The metal is bullish above 28.00 level and extremely bearish and vulnerable to fresh lows below 26.50/26.00 levels. We remain cautiously bearish with a strict risk at 28.00.
Trading Recommendations:
Trade according to breakout as it is depicted above. Aggressive trading strategy would be to go short with stop at 28.00, target open.
Good Luck!
