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Silver (CME) (Z3) intraday: short term rebound towards 23.46
2023-10-26
994
Our pivot point stands at 22.49.
Our preference: short term rebound towards 23.46.
Alternative scenario: the downside breakout of 22.49 would call for 22.23 and 22.08.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Silver (CME) (Z3) is trading under both its 20 and 50 period moving average (respectively at 22.97 and 23.04).
Supports and resistances:
23.77 **
23.62 *
23.46 **
23.31
22.85 last
22.59
22.49 **
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