Silver price completes the bearish pattern – Analysis - 12-09-2018
Economies.com
2018-09-12 04:18AM UTC
Silver price managed to break the bearish pennant’s support line that appears on the chart and settles below it, to activate the negative effect of this pattern, paving the way to resume the bearish trend that targets 13.50 level as a next main station.
Therefore, we will keep our bearish overview supported by the negative pressure formed by the EMA50, conditioned by the price stability below 14.40.
Expected trading range for today is between 13.80 support and 14.32 resistance.
Expected trend for today: Bearish
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