Silver gets the positive momentum – Analysis - 24-03-2017

Economies.com
2017-03-24 05:12AM UTC

Silver price settles within tight range above 17.43 level, noticing that stochastic reaches the oversold areas to provide positive motive to the intraday and short term trading.

 

Therefore, our bullish overview will remain valid as it is without any change, waiting to head towards 18.30 as a next main station, noting that the continuation of the bullish wave depends on holding above 16.95 and 16.56 levels.

 

Expected trading range for today is between 17.40 support and 17.80 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

Commodities

How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...