Silver at long-term channel support

• Last week opened with a "washout" low in the early hours that nearly dipped to $20.
• Price was neatly supported by the lower boundary of the longer term channel from 1999 - see longer term chart below. 
• Now with slight positive divergence on the Daily RSI there is the potential for a bounce into the high twenties, and maybe more if the descending blue channel is taken out.
• For now, a close above $23.85 would be supportive of this view.

Crude Oil getting ready to trend

Compressed Bollinger Bands indicate an imminent breakout from of the narrowing range. Support around $85 and resistance around $100.