Midday update for Silver 20-09-2017
Economies.com
2017-09-20 10:23AM UTC
price fluctuates at the key resistance 17.43, as the price is affected by stochastic positivity, and as long as the price is below this level, our bearish overview will remain valid for today, and the price needs to surpass the EMA50 that forms intraday support at 17.15 to reinforce the expectations of visiting 16.56 level.
We should note that breaching 17.43 will stop the expected decline and push the price to return to the bullish trend that its first target located at 18.30.
Expected trading range for today is between 17.00 support and 17.43 resistance.
Expected trend for today: Bearish
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