Silver price keeps fluctuating near 18.30 level and it gets good positive support from the EMA50. Notice that stochastic provides positive overlapping signal that we wait to motivate the price to breach the mentioned level then opening the way towards the extension of the bullish wave on the short-term basis. In general, we keep preferring the bullish trend in the upcoming period conditioned by holding above 18.05 reminding you that our main targets that begin at 19.00 then 19.38. Be aware that breaching 18.05 will push the price to test 17.43 level and might reach to 17.10 before any new attempt to rise. The expected trading range for today is between 18.00 support and 18.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver price keeps fluctuating near 18.30 level and it gets good positive support from the EMA50. Notice that stochastic provides positive overlapping signal that we wait to motivate the price to breach the mentioned level then opening the way towards the extension of the bullish wave on the short-term basis. In general, we keep preferring the bullish trend in the upcoming period conditioned by holding above 18.05 reminding you that our main targets that begin at 19.00 then 19.38. Be aware that breaching 18.05 will push the price to test 17.43 level and might reach to 17.10 before any new attempt to rise. The expected trading range for today is between 18.00 support and 18.60 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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