Midday update for Silver 13-01-2017
Economies.com
2017-01-13 11:32AM UTC
Silver price shows bullish bias now after approaching from retesting 16.56 level this morning, supported by stochastic and the EMA50 positivity, keeping the bullish trend valid efficiently for today, waiting for surpassing 17.05 level to ease the price mission to head to 17.43 level.
Therefore, the bullish trend will remain valid on the intraday basis unless witnessing clear break and stability below 16.56 level.
Expected trading range for today is between 16.50 support and 17.00 resistance.
Expected trend for today: Bullish
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