Silver price tests the moving average – Analysis - 29-10-2019
Economies.com
2019-10-29 05:52AM UTC
Silver price traded with a clear negativity yesterday to settle at the EMA50, noticing that stochastic gets rid of its negative momentum to reach the oversold levels, which supports the chances for resuming the expected bullish trend in the upcoming period, where its initial main target is located at 18.40.
The bullish channel keeps organizing the suggested bullish wave, and its continuation conditioned by holding above 17.60 level.
The expected trading range for today is between 17.60 support and 18.20 resistance.
The expected trend for today: Bullish
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