Silver price loses momentum – Analysis - 21-05-2019
Economies.com
2019-05-21 00:46AM UTC
Silver price continues to fluctuate within sideways and tight track since yesterday, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, organized inside the bearish channel that appears on the chart.
Our next main target is located at 13.93, while achieving it conditions holding below 14.73.
The expected trading range for today is between 14.15 support and 14.55 resistance.
The expected trend for today: Bearish
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