REDATOR Ben Graham Posted January 28 REDATOR Report Share Posted January 28 SilverWith technical conditions indicating strengthening today, Silver has the potential to strengthen and rise towards its nearest resistance level.Key Levels1. Resistance. 2 : 119.8852. Resistance. 1 : 115.9553. Pivot : 109.4654. Support. 1 : 105.5355. Support. 2 : 99.045Tactical ScenarioPositive Reaction Zone: If the price holds in the Pivot area of 109.465, there is a possibility of further upward movement towards 115.955.Momentum Extension Bias: If 115.955 is successfully broken, there is potential for a test of 119.885.Invalidation Level / Bias RevisionUpside bias weakens when Silver price weakens below 99.045.Technical SummaryEMA(50) : 111.167EMA(200): 105.05RSI(14) : 69.76Economic News Release Agenda:Tonight, the United States will release the following economic data:US - Crude Oil Inventories - 10:30 PM WIBUS - Federal Funds Rate - 2:00 AM WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_30c72114, Visitante_48df066f, Visitante_a4130f75 and 2 others 2 1 1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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