Midday update for Silver 18-01-2017
Economies.com
2017-01-18 10:57AM UTC
Silver price did not show any strong move since morning, to continue fluctuating near the correctional bearish channel, and the price is affected by stochastic negativity, which might cause more sideways fluctuation before resuming the bullish bias again.
Until now, our bullish overview still valid for the upcoming period conditioned by the price stability above 16.56, reminding you that our first main target is located at 17.43, which breaching it represents the key to extend the bullish wave towards 18.30.
Expected trading range for today is between 16.90 support and 17.43 resistance.
Expected trend for today: Bullish
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