[Silver]

Although RSI(14) indicator is in the Neutral-Bullish area, but both EMAs in a Death Cross intersection, so that there is potential for weakness in Silver today.

Key Levels

1. Resistance. 2 : 97.073

2. Resistance. 1 : 89.257

3. Pivot : 83.738

4. Support. 1 : 76.192

5. Support. 2 : 70.403

Tactical Scenario

Pressure Zone: If the price breaks down below 76.192, there is potential pressure toward 70.403.

Momentum Extension Bias: If that level is broken

Invalidation Level / Bias Revision

The downside bias is restrained if Silver strengthens and breaks above 97.073.

Technical Summary

EMA(50) : 84.574

EMA(200): 87.509

RSI(14) : 57.61

Economic News Release Schedule:

Tonight, during the U.S. session, the following economic data will be released:

US - ADP Non-Farm Employment Change - 20:15 WIB

US - Final Services PMI - 21:45 WIB

US - ISM Services PMI - 22;00 WIB

US - Crude Oil Inventories - 22:30 WIB

US - Beige Book - 02:00 WIB