Silver recently reversed down from the combined resistance area lying between the strong resistance level 15.65 (former multi-month support level from the start of 2017), upper weekly Bollinger Band and the 50% Fibonacci correction of the previous downward impulse 3 from June.
The downward reversal from this resistance area started the active short-term corrective wave B of the ABC correction (4) from last year.
With the weekly Stochastic still in the overbought area – Silver is expected to fall further and re-test the next support level 15.20.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
