Silver price loses momentum – Analysis - 17-10-2019
Economies.com
2019-10-17 04:53AM UTC
Silver price keeps its stability below 17.60 level, and the negative effect of the rising wedge still active, noticing that stochastic loses its positive momentum to reach the overbought areas, while the EMA50 continues to press negatively on the price.
Therefore, the bearish trend scenario will remain valid for the upcoming period, which its next main target located at 16.96, reminding you that it is important to hold below 17.60 to continue the expected decline.
The expected trading range for today is between 17.00 support and 17.55 resistance.
The expected trend for today: Bearish
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