Silver approaches from the first target – Analysis - 20-07-2017
Economies.com
2017-07-20 03:01AM UTC
Silver price resumed its positive attempts slightly yesterday heading towards our first main waited target at 16.56, noting that stochastic negativity that appears clearly now might cause temporary sideways fluctuation before continuing the rise.
In general, we will keep our bullish overview conditioned by holding above 15.49 level, noting that breaching 16.56 will lead the price to extend its gains and head towards 17.43 on the near term basis.
Expected trading range for today is between 16.00 support and 16.56 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week ...
Commodities
Gold enters a downward correctional cycle in wait for Israeli response
2024-04-16 08:43AM UTC
Gold prices declined in European trade on Tuesday on profit-taking, after the precious metal ...
Commodities
Brent backs off six-month peak as Iran-Israel war concerns subside
2024-04-15 13:18PM UTC
International benchmark Brent fell in European trade off six-month highs, trading below $90 a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 16-04-2024
2024-04-16 09:52AM UTC
Brent Oil Price Forecast Brent oil price finds solid resistance at 90.90$, to show negative ...
Commodities
Crude oil price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Crude Oil Price Forecast Crude oil price trades negatively to press on 85.45$ support line, ...
Commodities
Silver price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Silver Price Forecast Silver price faces clear negative pressure now, to approach the key ...