Silver loses the momentum – Analysis - 22/12/2014
Economies.com
2014-12-22 06:26AM UTC
Silver price continues to move around the bearish resistance line that appears on chart, and the EMA50 forms good resistance barrier now against the intraday trading, while stochastic loses its bullish momentum to reach the overbought levels, these factors support continuing the intraday bearish trend scenario that its initial targets located at 15.00.
We remind you that breaching 16.55 will open the way to regain the bullish correctional track that its main targets begin at 17.50 then 18.30.
Expected trading range for today is between: 15.00 support and 16.55 resistance.
Expected trend for today: Bearish
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