Silver price returns to the support – Analysis - 17-06-2019

2019-06-17 04:08:33 GMT (Economies.com)
Silver price returns to the support – Analysis - 17-06-2019
 

Silver price bounced bearishly to test the intraday bullish channel’s support line that appears on the chart, noticing that the EMA50 continues to provide the positive support to the price, while stochastic shows oversold signals now.

 

Therefore, we believe that the chances are valid to resume the main expected bullish trend for the upcoming period, which its next target located at 15.23, while achieving it conditions holding above 14.73.

 

The expected trading range for today is between 14.70 support and 15.05 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1026
-0.0007
0.0648%
1.2595
-0.0042
0.3335%
17.572
0.042
0.238%
54.395
-0.417
0.762%
60.51
1.41
2.39%
1487.940
0.755
0.051%
 
 
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