A downside pattern is forming and will be confirmed with trading below 761.95, assessing intraday momentum indicators they are reflecting trading in oversold areas while the downside wave is strengthening over the ADX for that trading is to be volatile today with a downside bias.
The trading range is among the key resistance level at 835.75 and the key support level at 721.10.
The general trend is to the downside as far as 934.00 remains intact, target set at 649.20 and 615.60.
| Support | 761.95 | 758.15 | 752.25 | 744.95 | 733.15 |
| Resistance | 769.00 | 773.80 | 783.60 | 789.05 | 794.95 |
silver
Trading volumes are still declining each day yet trading is still not within the downside channel shown above, today we expect silver to retest the support level at 9.15 or at least close to that level which is reflected on Stochastic indicator that shows the expected downside move while the RSI provide an upside signal and for that silver might fluctuate heavily today.
The trading range is among the key resistance level at 10.46 and the key support level at 8.65.
The general trend is to the downside as far as 14.70 remains intact, target set at 8.05 and 7.60.
| Support | 9.38 | 9.15 | 9.07 | 9.01 | 8.95 |
| Resistance | 9.55 | 9.61 | 9.70 | 9.94 | 10.10 |
Add a Comment
Successfully Reported
Thank you. This comment has been flagged for a moderator.