[Silver]
Although RSI(14) indicator is in the Neutral-Bullish area, but both EMAs in a Death Cross intersection, so that there is potential for weakness in Silver today.
Key Levels
1. Resistance. 2 : 97.073
2. Resistance. 1 : 89.257
3. Pivot : 83.738
4. Support. 1 : 76.192
5. Support. 2 : 70.403
Tactical Scenario
Pressure Zone: If the price breaks down below 76.192, there is potential pressure toward 70.403.
Momentum Extension Bias: If that level is broken
Invalidation Level / Bias Revision
The downside bias is restrained if Silver strengthens and breaks above 97.073.
Technical Summary
EMA(50) : 84.574
EMA(200): 87.509
RSI(14) : 57.61
Economic News Release Schedule:
Tonight, during the U.S. session, the following economic data will be released:
US - ADP Non-Farm Employment Change - 20:15 WIB
US - Final Services PMI - 21:45 WIB
US - ISM Services PMI - 22;00 WIB
US - Crude Oil Inventories - 22:30 WIB
US - Beige Book - 02:00 WIB
