Midday update for Silver 05-04-2019
Economies.com
2019-04-05 10:57AM UTC
Silver price shows new positive attempts to approach 15.22 level, while the EMA50 forms negative pressure against the price, noticing that stochastic enters the overbought areas.
Therefore, we are waiting for a bearish rebound to resume the expected bearish wave for the upcoming period, which its next main target located at 14.73, while holding below 15.22 represents key condition to continue the expected decline.
The expected trading range for today is between 14.80 support and 15.25 resistance.
The expected trend for today: Bearish
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