CM Trade

Download APP to receive bonus

GET

Silver (CME) (Z3) intraday: target 23.16

2023-09-19
893

Our pivot point stands at 23.60.

Our preference: target 23.16.

Alternative scenario: the upside breakout of 23.60, would call for 23.77 and 23.87.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Silver (CME) (Z3) is below its 20 period moving average (23.51) but above its 50 period moving average (23.45).

Supports and resistances:

23.87 **

23.77 *

23.60 **

23.53

23.47 last

23.26

23.16 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More