Silver approaches from the resistance – Analysis - 15-05-2017
Economies.com
2017-05-15 04:20AM UTC
Silver price shows more calm rise to reach 16.56, noticing that the EMA50 keeps forming negative pressure against the price, to keep the chances valid to resume the recently suggested bearish wave.
Therefore, we are waiting for negative trading in the upcoming sessions unless breaching 16.56 level and holding above it, reminding you that our main waited target is located at 15.49.
Expected trading range for today is between 16.15 support and 16.60 resistance.
Expected trend for today: Bearish
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