Silver
Our expectations: We expect the price to continue its upward movement after correction to levels of diagonal support and 38.2 of Fibo.
Alternative Scenario: If the price returns and goes below horizontal support and close the candle below 16.820, a downward impulse may follow.
Comment:
Ascending trend
Correction to Fibo level 38.2 and diagonal support levels
50SMA over 200SMA - bullish formation
Price over 50SMA - positive signal
Dem - Rotates up - Positive signal
SL: 16.777
Junior Trader Stefan Panteleev
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