Silver breaks the channel's support – Analysis - 21-04-2017
Economies.com
2017-04-21 03:57AM UTC
Silver price broke the intraday bullish channel's support, which forms negative factor that we expect to push the price to test 17.43 level before turning back to rise again.
Therefore, the bearish bias will be suggested temporarily, waiting to rebound bullishly to resume the main bullish trend that its main target located at 19.38, noting that breaching 18.30 will stop the current negative pressure and lead the price to rise without the need to visit the above mentioned level.
Expected trading range for today is between 17.70 support and 18.20 resistance.
Expected trend for today: Bearish temporarily
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