Silver awaits the breach – Analysis - 30-09-2016

Silver price continues to fluctuate between the intraday bullish trend line located at 19.00 and the horizontal resistance 19.38, while we notice that there is a contradiction between stochastic positivity and the EMA50 negativity, therefore, these factors make us continue with our neutrality until the price manages to breach one of the mentioned levels.

We remind you that breaking 19.00 level will push the price to test 18.30 level before turning back to resume the main bullish trend, while breaching 19.38 represents the key to regain the main bullish trend that its main targets begin at 20.00 and extend to 21.12.

Expected trading range for today is between 18.70 support and 19.60 resistance.

Expected trend for today: Depends on the above mentioned levels