Silver price has settled at the bullish channel’s support, while stochastic keeps moving in the oversold area. Therefore, there is the chance for resuming the bearish bias in the upcoming sessions. We keep the bullish scenario valid and active until now, targeting 17.43 level as the next main station. The price needs to shrug off the negative pressure that was formed by the EMA50 to reinforce the positive expectations. At the same time, the bullish trend will remain valid unless breaking 16.85 then 16.56 levels and holding below them. The expected trading range for today is between 16.80 support and 17.43 resistance.

The material has been provided by InstaForex Company –

Learn the Art of Trading

Earning Consistent Profits As a Trader Is Not As Easy As Many People Would Have You Believe. Join This Mailing List To Learn The Art of Trading for Free.

You have Successfully Subscribed!

Pin It on Pinterest

Share This

Please sharing

Please share this post with your friends!