[Silver]
With all technical conditions which indicating that Silver is strengthening, then today Silver has the potential to rise toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 90.873
2. Resistance. 1 : 88.992
3. Pivot : 86.978
4. Support. 1 : 85.097
5. Support. 2 : 83.083
Tactical Scenario
Positive Reaction Zone: If the price rises and breaks above 88.992, Silver will likely move toward 90.873.
Momentum Extension Bias: If 90.873 is broken, there is potential for the advance to extend to 92.887.
Invalidation Level / Bias Revision
The upside bias weakens if Silver falls and breaks below 83.083.
Technical Summary
EMA(50) : 87.816
EMA(200): 84.362
RSI(14) : 68.46
Economic News Release Agenda:
Tonight the United States will release Crude Oil Inventories at 22:30 WIB.
