Silver under the negative effect – Analysis - 27/05/2015
Economies.com
2015-05-27 04:54AM UTC
Silver price closed yesterday’s trading below the broken neckline level of the mentioned minor double top pattern in our last technical update, which keeps the negative effect of this pattern valid until now, which supports the continuation of the bearish bias to test the critical support at 16.05.
Therefore, the negative scenario will be preferred in the upcoming sessions, supported by the EMA50, until breaching 17.10 level again.
Expected trading range for today is between 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
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