Silver price keeps its negative stability – Analysis - 10-10-2018

2018-10-10 04:35:15 GMT (Economies.com)
Silver price keeps its negative stability – Analysis - 10-10-2018
 

Silver price keeps its stability below the broken support of the minor bullish channel, while stochastic continues to lose the positive momentum and approach the overbought areas, to keep the bearish trend scenario valid until now, supported by the negative pressure formed by the EMA50, waiting to target 13.96 level as a next station.

 

We should note that breaching 14.73 will stop the expeted decline and push the price to start bullish correction on the intraday and short term basis.

 

Expected trading range for today is between 14.10 support and 14.55 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1580
0.0035
0.3058%
1.3154
0.0067
0.5123%
14.693
0.096
0.658%
71.722
0.239
0.334%
80.85
0.42
0.52%
1226.940
9.280
0.762%
 
 
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