![]() GBP/USD Price Forecast – British pound pulls back on Monday Natural Gas Price Prediction – Prices Rise as Tropical Storm Dorian Forms This article was originally posted on FX Empire More From FXEMPIRE: Please let us know what you think in the comments below That little short-term pullback could be a buying opportunity that you need to see to pick up value if you are not already long of the market.įor what it’s worth, the 50 day EMA is starting to reach towards the $16.50 level, and that of course is something to pay attention to with as well as it tends to show us where the “floor” in the uptrend is. ![]() Quite frankly, the $17.75 level did offered enough resistance to be interesting during the day, but I think it will eventually give way. The silver market tends to move in $0.25 increments, and therefore I think you should pay attention to those levels as well. The next target of course I believe is the $18.00 level, which is a large round whole number. Looking at the chart I think that there are plenty of reasons to think that the $17.00 level underneath would be massive support, as we have seen a launch from that level.
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