Silver resumes rising – Analysis - 20-11-2017
Economies.com
2017-11-20 04:35AM UTC
Silver price succeeded to reach our first waited target at 17.43, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to breach this level to confirm extending the bullish wave towards 18.30, noting that the EMA50 provides the positive support to the price.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, conditioned by the price stability above 16.56.
Expected trading range for today is between 17.00 support and 17.43 resistance.
Expected trend for today: Bullish
Commodities 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 ...
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
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical 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 ...
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 ...
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 ...