Midday update for Silver 06-01-2017
Economies.com
2017-01-06 12:05PM UTC
Silver price traded with clear negativity this morning to approach from testing the key support 16.15 but it bounced bullishly quickly to settle around 16.56 again, which keeps our bullish overview valid until now, supported by stochastic and the EMA50 positivity, waiting to head towards 17.43 that represents the next main target.
In general, we will continue to suggest the bullish bias for the rest of the day unless breaking 16.15 level and holding below it.
Expected trading range for today is between 16.40 support and 16.80 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities Technical Analysis
Commodities
Wheat price rallies upwards – Forecast today - 21-05-2024
2024-05-21 04:13AM UTC
Wheat Price Analysis Expected Scenario Wheat price traded with strong positivity ...
Commodities
Sugar price is affected by the positive momentum – Forecast today - 21-05-2024
2024-05-21 04:13AM UTC
Sugar Price Analysis Expected Scenario Sugar price ended yesterday with clear positivity, ...
Commodities
Soybean price attempts positively – Forecast today - 21-05-2024
2024-05-21 04:13AM UTC
Soybean Price Analysis Expected Scenario Soybean price provided positive trades yesterday ...