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CMS Daily Market Report 22nd November 2022


Silver dropped to the 20.58 range on the first day of the week, but with the weakness of sellers in this range, it is now in the 21.11 range. Considering the downward movement of silver in the past few days and also the price position in the 4-hour chart, the 21.23 range is the most important leading resistance range and selling in this range is a low-risk option.

In yesterday’s report, we mentioned the importance of the support range of 75.30 and the readiness of oil to reduce the price to this range. According to the analysis, WTI fell to the 75.30 range on the first day of the week, but ended the day in the 80.15 range, forming a bullish pin with buyers supporting the range.

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