Silver price loses momentum – Analysis - 27-08-2018
Economies.com
2018-08-27 04:28AM UTC
Silver price continues to rise to approach the bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the bullish momentum and moving inside the overbought areas, which forms negative factor that we expect to push the price to rebound bearishly and resume the main bearish trend, which its next main target located at 13.95.
Therefore, the bearish trend will remain suggested unless breaching 15.00 level and holding above it.
Expected trading range for today is between 14.55 support and 15.00 resistance.
Expected trend for today: Bearish
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