Silver under the negative effect – Analysis - 27/05/2015
Economies.com
2015-05-27 04:54AM UTC
Silver price closed yesterday’s trading below the broken neckline level of the mentioned minor double top pattern in our last technical update, which keeps the negative effect of this pattern valid until now, which supports the continuation of the bearish bias to test the critical support at 16.05.
Therefore, the negative scenario will be preferred in the upcoming sessions, supported by the EMA50, until breaching 17.10 level again.
Expected trading range for today is between 16.05 support and 17.50 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...