Silver shows some slight bearish bias approaching from the intraday bullish channel’s support. As long as the price is above 17.43 level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, which protects trading inside the mentioned channel. Wait for targetting 18.30 level initially. When it is breached, it represents the key to head towards 19.38 as the next main station. The expected trading range for today is between 17.70 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver shows some slight bearish bias approaching from the intraday bullish channel’s support. As long as the price is above 17.43 level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, which protects trading inside the mentioned channel. Wait for targetting 18.30 level initially. When it is breached, it represents the key to head towards 19.38 as the next main station. The expected trading range for today is between 17.70 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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