Silver tests the bearish channel’s resistance – Analysis - 21/11/2014
Economies.com
2014-11-21 06:17AM UTC
Silver price continues to fluctuate near the minor channel’s resistance that declines now to 16.30, waiting to breach this level to confirm continuing the intraday bullish trend, as this channel represents a bullish continuation flag that supports the recently suggested bullish trend, waiting to visit 17.50 areas mainly.
The EMA50 continues to offer the support to the suggested bullish wave, which will remain valid and active unless breaking 15.85 followed by 15.40 levels and holding below them.
Expected trading range for today is between: 15.80 support and 17.00 resistance.
Expected trend for today: Bullish
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