Silver attempts to build bullish channel – Analysis - 02/09/2014
Economies.com
2014-09-02 05:12AM UTC
Silver price shows sideways trading recently, while signs of minor bullish channel appear on chart that the price attempts to build to assist to push the price to resume the expected intraday bullish trend, which depends on the positive effect of the previously breached falling wedge pattern.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by holding above 19.20 level, and the main targets begin at 20.00 and extend to 22.00 then 23.00.
Expected trading range for today is between: 19.00 support and 20.30 resistance.
Expected trend for today: Bullish
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