Silver gains the positive momentum – Analysis - 14-02-2017

Economies.com
2017-02-14 05:37AM UTC

Silver price provides slight negative trading yesterday, but it remains stable above the intraday bullish channel’s support, noticing that stochastic managed to get rid of its negativity and gaining the positive momentum on the four hours time frame, forming positive motive that we wait to push the price to resume its bullish track in the upcoming sessions, and its targets begin at 18.30 and extend to 19.38 after breaching the previous level.

 

In general, the bullish trend will remain active unless breaking 17.43 level and holding below it, where breaking this level will push the price to test 16.56 levels before any new positive attempt.

 

Expected trading range for today is between 17.60 support and 18.30 resistance.

 

Expected trend for today: Bullish

 

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...