Silver - European Session
ICN.com | Dec 19, 2014 04:14AM ET
The metal failed to stabilize above 16.00 with yesterday's closing, keeping trading below Linear Regression Indicator 34 and 55 and 23.6% correction, and also below the key resistance of the downside move, all represented in the referred to level 16.00.
In fact, MACD and RSI are weak and is showing bearish attemps, but we cannot bet on a downside move before stabilizing below 15.65 then breaking 15.24 at 23.6% correction. Hence, we remain neutral intraday today waiting for confirmation signals.
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