Silver traded higher yesterday to approach the 19.00 barrier.
You should be aware that stochastics are now approaching from the oversold areas. It provides positive sentiment, so we are waiting until the price gains momentum to continue rising, as our next main target is located at 19.38. Therefore, our bullish overview will remain valid in the short term, being supported by the EMA50 and the price stability above 18.30. Let me remind you that breaking this level will push the price to visit the17.43 level before any new attempt to rise. The expected trading range for today is between 18.30 support and 19.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Silver traded higher yesterday to approach the 19.00 barrier.
You should be aware that stochastics are now approaching from the oversold areas. It provides positive sentiment, so we are waiting until the price gains momentum to continue rising, as our next main target is located at 19.38. Therefore, our bullish overview will remain valid in the short term, being supported by the EMA50 and the price stability above 18.30. Let me remind you that breaking this level will push the price to visit the17.43 level before any new attempt to rise. The expected trading range for today is between 18.30 support and 19.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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