Silver price retreated after approaching 19.00 barrier yesterday, to fluctuate at the key support 18.30 again, which is met by the EMA50 to add more strength to it. Meanwhile, stochastics are moving near the oversold areas now. Therefore, these factors encourage us to insist on the bullish trend in the upcoming sessions. The next target is located at 19.38, taking into consideration that breaking 18.30 will push the price to visit 17.43 level direct 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 price retreated after approaching 19.00 barrier yesterday, to fluctuate at the key support 18.30 again, which is met by the EMA50 to add more strength to it. Meanwhile, stochastics are moving near the oversold areas now. Therefore, these factors encourage us to insist on the bullish trend in the upcoming sessions. The next target is located at 19.38, taking into consideration that breaking 18.30 will push the price to visit 17.43 level direct 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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