Silver leans on the support line – Analysis - 18-08-2017
Economies.com
2017-08-18 04:11AM UTC
Silver price moves at the bullish trend line that appears on chart, located at 16.95 now, and the price gets continuous positive support by the EMA50, while stochastic provides positive overlapping signal on the four hours' time frame.
Therefore, we believe that the chances are valid to trade positively in the upcoming sessions, and the price needs to breach 17.43 level to confirm rallying towards 18.30 on the near term basis, noting that it is important to hold above 16.56 to guarantee the continuation of the expected bullish trend.
Expected trading range for today is between 16.85 support and 17.43 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
Wheat price achieves strong gains – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Wheat Price Analysis Wheat price rallied upwards strongly yesterday to breach 641.50$ and settle ...
Commodities
Soybean price surpasses the target – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Soybean Price Analysis Soybean price rallied upwards strongly to surpass our waited target at ...
Commodities
Corn price is recovering – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Corn Price Analysis Corn price bounced upwards strongly to breach 461.90$ level and approach ...