Silver price within negative pattern – Analysis - 11-09-2018
Economies.com
2018-09-11 04:16AM UTC
Silver price’s recent trades are confined inside a bearish pennant pattern that appears on the chart, which means that breaking 14.10 will activate the negative effect of this pattern and push the price to resume the main bearish trend, waiting to target 13.50 level as a next main station.
The EMA50 keeps supporting the expected bearish wave, which its continuation conditions holding below 14.50.
Expected trading range for today is between 13.80 support and 14.32 resistance.
Expected trend for today: Bearish
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