Midday update for Silver 16/05/2013

Economies.com
2013-05-16 10:47AM UTC

Silver price approaches from our main first target at 22.00, and the negative pressure that comes from EMA50 continues, which encourages us to continue in preferring the bearish trend for today, pointing that Stochastic might cause some temporary sideways trading.

 

Expected trading range for today is between: 21.65 support and 23.50 resistance.

 

Expected trend for today: Bearish

 

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