Silver traded slightly negatively yesterday. Notice that stochastic managed to get rid of its negativity and gaining the positive momentum on the 4-hour time frame, forming positive motive that we wait to push the price to resume its bullish track in the upcoming sessions. Its targets begin at 18.30 and extend to 19.38 after breaching the previous level. In general, the bullish trend will remain active unless breaking 17.43 level and holding below it. While, breaking of this level will push the price to test 16.56 level before any new positive attempt. The expected trading range for today is between 17.60 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver traded slightly negatively yesterday. Notice that stochastic managed to get rid of its negativity and gaining the positive momentum on the 4-hour time frame, forming positive motive that we wait to push the price to resume its bullish track in the upcoming sessions. Its targets begin at 18.30 and extend to 19.38 after breaching the previous level. In general, the bullish trend will remain active unless breaking 17.43 level and holding below it. While, breaking of this level will push the price to test 16.56 level before any new positive attempt. The expected trading range for today is between 17.60 support and 18.30 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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