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Silver (CME) (Z3) intraday: above its upper Bollinger band

2023-10-09
1055

Our pivot point is at 21.28.

Our preference: the upside prevails as long as 21.28 is support.

Alternative scenario: below 21.28, expect 21.05 and 20.91.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Silver (CME) (Z3) is trading above both its 20 and 50 period moving average (respectively at 21.24 and 21.16). Finally, the Silver (CME) (Z3) is trading above its upper Bollinger band (standing at 21.61).

Supports and resistances:

22.35 **

22.22 *

22.08 **

21.94

21.63 last

21.37

21.28 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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