Silver (CME) (Z3) intraday: the downside prevails as long as 23.90 is resistance
Our pivot point stands at 23.90.
Our preference: the downside prevails as long as 23.90 is resistance.
Alternative scenario: the upside breakout of 23.90, would call for 24.06 and 24.15.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Silver (CME) (Z3) is trading under both its 20 and 50 period moving average (respectively at 23.82 and 23.86).
Supports and resistances:
24.15 **
24.06 *
23.90 **
23.84
23.78 last
23.58
23.49 **
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.
CM Trade Mobile Application
Economics Calendar
More