[Silver]

With both EMAs condition in a Golden Cross intersection, then today Silver has the potential today to strengthen toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 79.435

2. Resistance. 1 : 77.265

3. Pivot : 73.130

4. Support. 1 : 70.960

5. Support. 2 : 66.825

Tactical Scenario

Positive Reaction Zone: If Silver breaks out and closes above 77.265, there is a possibility of a move toward 79.435.

Momentum Extension Bias: If 79.435 is also breached, the advance could extend to 83.570.

Invalidation Level / Bias Revision

The upside bias weakens if Silver falls and breaks below 66.825.

Technical Summary

EMA(50) : 73.553

EMA(200): 71.563

RSI(14) : 44.32

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Core Retail Sales m/m - 19:30 WIB

US - Retail Sales m/m - 19:30 WIB

US - Final Manufacturing PMI - 20:45 WIB

US - ISM Manufacturing PMI - 21:00 WIB

US - Business Inventories m/m - 21:00 WIB

US - Wards Total Vehicle Sales - All days

US - Crude Oil Inventories - 21:30 WIB