Silver gathers the positive momentum – Analysis - 13-09-2017

Economies.com
2017-09-13 03:44AM UTC

Silver price continues to fluctuate within sideways and tight track, noticing that stochastic gets rid of its negativity clearly to approach from the oversold areas, which forms positive motive that we are waiting to push the price to resume the main bullish trend, which is organized inside the bullish channel that appears on chart.

 

Therefore, the chances are valid to touch our first target at 18.30, which breaching it represents the key to rally towards 19.38 as a next main station, reminding you that holding above 17.43 represents key condition to continue the suggested bullish trend.

 

Expected trading range for today is between 17.75 support and 18.00 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Steel News

Commodities

Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Oil News

Commodities

Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...

Commodities Technical Analysis

Technical Analysis

Commodities

Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Technical Analysis

Commodities

Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Brent oil Analysis

Commodities

Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...