Midday update for Silver 28-04-2017
Economies.com
2017-04-28 10:59AM UTC
Silver price tests 17.43 level that was broken previously, as the price is affected by stochastic positivity, while the EMA50 forms negative pressure that keeps the bearish trend scenario active for today.
Therefore, we are waiting for bearish rebound on the intraday basis, and the main target is represented by visiting 16.56 level, noting that breaching 17.43 followed by 17.60 levels will push the price to return to the main bullish trend again.
Expected trading range for today is between 17.10 support and 17.45 resistance.
Expected trend for today: Bearish
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