Silver crawls downwards – Analysis - 22-09-2017
Economies.com
2017-09-22 04:00AM UTC
Silver price continued its decline yesterday but it fluctuates around 17.00 barrier now, and as long as the price is below 17.43, our bearish overview will remain valid for today, as the price settles below the EMA50 that forms negative pressure against the intraday trading, waiting to test 16.56 level that represents our next main target.
We should note that breaching 17.43 will stop the current negative pressure and push the price to regain its main bullish track again.
Expected trading range for today is between 16.80 support and 17.15 resistance.
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