Silver price loses momentum – Analysis - 17-04-2019
Economies.com
2019-04-17 03:35AM UTC
Silver price hovers near 15.00 level, and approaches from testing the bearish channel’s resistance, while the EMA50 forms a negative pressure against the price, accompanied with stochastic reach to the overbought levels.
Therefore, these factors encourage us to keep our bearish trend expectations, waiting for visiting 14.73 level as a next main target, reminding you that the continuation of the expected decline depends on the stability below 15.22 level.
The expected trading range for today is between 14.73 support and 15.10 resistance.
The expected trend for today: Bearish
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