Silver price retests the broken neckline - Analysis - 15-09-2021

2021-09-15 04:15:15 GMT (Economies.com)
 

Silver price retested the broken neckline of the head and shoulders’ pattern and still below it, to keep the negative effect of this pattern active, waiting to resume the bearish trend that targets 22.90 as a next main station.

 

The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid unless breaching 23.80 – 23.95 levels and holding above them.

 

The expected trading range for today is between 23.20 support and 24.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1624
0.0013
0.1081%
1.3771
0.0032
0.2347%
Tadawul
11891.39
45.46
0.38%
24.401
1.088
4.667%
84.473
1.127
1.352%
86.10
0.56
0.65%
1800.460
30.720
1.736%
 
 
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