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Silver (CME) (MAY4) intraday: below its lower Bollinger band

2024-04-23
234

Our pivot point stands at 27.31.

Our preference: the downside prevails as long as 27.31 is resistance.

Alternative scenario: the upside breakout of 27.31, would call for 27.59 and 27.76.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Silver (CME) (MAY4) stands below its 20 and 50 period moving average (respectively at 27.23 and 27.58). Finally, the Silver (CME) (MAY4) is trading below its lower Bollinger band (standing at 27.02).

Supports and resistances:

27.76 **

27.59 *

27.31 **

27.19

27.02 last

26.68

26.51 **

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.

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