Silver awaits the positive momentum – Analysis - 17-01-2017
Economies.com
2017-01-17 04:42AM UTC
Silver price continues to move within tight range settling around 16.80, noticing that stochastic gets rid of its negativity gradually to approach from the oversold areas, which forms positive factor that we are waiting to motivate the price to resume the bullish trend in the upcoming period, which its next main target located at 17.43.
Therefore, our positive overview will remain active for today unless breaking 16.56 level, reminding you that breaking this level will push the price to test 15.49 areas before any new positive attempt.
Expected trading range for today is between 16.56 support and 17.20 resistance.
Expected trend for today: Bullish
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