Silver under the negative pressure – Analysis - 28-11-2018
Economies.com
2018-11-28 05:46AM UTC
Silver price broke 14.25 level and settled below it, which puts the price under expected negative pressure in the upcoming sessions, targeting testing 13.93 level initially.
Therefore, the bearish bias will be suggested in the upcoming sessions supported by moving below the EMA50, noting that breaking 13.93 will press the price to head towards 13.60 as a next main station, while breaching 14.30 will push the price to rise again and target 14.73 level mainly.
Expected trading range for today is between 14.00 support and 14.30 resistance.
Expected trend for today: Bearish
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