Silver price under the bearish pattern’s effect – Analysis - 14-10-2019
Economies.com
2019-10-14 04:47AM UTC
Silver price keeps its stability below 17.60 level, keeping the negative effect of the previously completed rising wedge pattern active, supported by the EMA50 that meets the mentioned resistance, besides stochast lose to the positive momentum gradually.
Therefore, these factors encourage us to keep preferring the bearish trend in the upcoming sessions, and its next target at 16.96, while achieving it requires holding below 17.60.
The expected trading range for today is between 17.30 support and 17.70 resistance.
The expected trend for today: Bearish
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