REDATOR Ben Graham Posted February 11 REDATOR Report Share Posted February 11 [Silver] Although both EMAs are still in a Death Cross, but with Silver's price above both EMA(50) & EMA(200) as well as RSI(14) indicator in the Neutral-Bullish level, there is potential for Silver to strengthen toward its nearest resistance level today. Key Levels1. Resistance. 2 : 85.5382. Resistance. 1 : 83.1473. Pivot : 81.5584. Support. 1 : 79.1675. Support. 2 : 77.578Tactical ScenarioPositive Reaction Zone: If Silver rises and breaks above 83.147, there is a possibility the move will continue toward 85.538.Momentum Extension Bias: If 85.538 is broken, Silver has the potential to extend gains to 87.127. Invalidation Level / Bias RevisionThe upside bias weakens if Silver falls and breaks below 77.578. Technical SummaryEMA(50) : 81.390EMA(200): 81.628RSI(14) : 61.37Economic News Release Agenda:Tonight the United States will release the following economic data:US - Average Hourly Earnings m/m - 20:30 WIBUS - Non-Farm Employment Change - 20:30 WIBUS - Unemployment Rate - 20:30 WIBUS - Crude Oil Inventories - 22:30 WIBUS - 10-y Bond Auction - 01:01 WIBUS - Federal Budget Balance - 02:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com 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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