Silver price rebounds bearishly – Analysis - 18-09-2018
Economies.com
2018-09-18 03:45AM UTC
Silver price bounced bearishly after testing the main bearish channel’s resistance, which keeps our bearish overview valid until now, supported by the negative pressure formed by the EMA50, besides the negative signal provided by stochastic.
Therefore, we are waiting for more decline in the upcoming period conditioned by the price stability below 14.30, as our next main target is located at 13.30.
Expected trading range for today is between 13.80 support and 14.30 resistance.
Expected trend for today: Bearish
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