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Silver Daily Technical Analysis | 21 December 2017

2017-12-21 12:15 pm | Resource: Technical Analysis Section | No Views : 322

Earlier, we pointed out that silver in the US dollar crossed the sub-descending trend line and silver continued to rise to 16.25 levels during yesterday's trading. Although silver traded at 16.132, it has not yet confirmed a breach of this level.
 
Silver Daily Technical Analysis | 21 December 2017

Our neutral view of silver is trading between 16.21 and 16.08, and the simple moving average and the slow moving average in the case of a positive cross so far.
Silver is still trading below the classical passive negative head and shoulders pattern so far on the 240-minute time frame.
Momentum RSI 14 broke the bullish trend line during yesterday's trading and currently needs to break the 56 level to reverse the trend.
It is expected that, in the case of a breach of silver level 16.25 may target areas of 16.77 on the other side in case of break 16.03 may target the level of 15.66.
Support: 15.66 - 15.27 - 14.99
Resistance: 16.132 - 16.33 - 17.35
Trend: neutral


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