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Silver (CME) (MAY4) intraday: the downside prevails as long as 28.68 is resistance
2024-04-18
556
Our pivot point stands at 28.68.
Our preference: the downside prevails as long as 28.68 is resistance.
Alternative scenario: the upside breakout of 28.68, would call for 28.98 and 29.16.
Comment: the RSI is below 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 28.59 and 28.42).
Supports and resistances:
29.16 **
28.98 *
28.68 **
28.56
28.38 last
27.99
27.81 **
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