Silver negotiates the moving average 14/05/2013
Economies.com
2013-05-14 05:24AM UTC
Silver price is hovering around the EMA50, while the chance remains valid to activate the technical bullish pattern that was mentioned in our last technical update, and confirming breach 23.85 to the upside is required.
In general, the sideways range remains controlling the intraday trading, pointing that there are chances for achieving a potential positivity now that targets testing initially 24.60, being aware that the negative pressure that causes by Stochastic might make achieving the suggested rise hard.
Expected trading range for today is between: 22.60 support and 24.85 resistance.
Expected trend for today: Sideways
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