Midday update for Silver 03-04-2023
Economies.com
2023-04-03 10:34AM UTC
Silver prices tested the bullish channel’s support line and kept its stability above it, accompanied by stochastic approach to the oversold areas and gaining the positive momentum clearly, waiting to motivate the price to resume the expected bullish trend for today, which targets 24.50 as a next station.
Therefore, we are waiting for more expected bullish bias in the upcoming sessions, supported by the EMA50, reminding you that breaking 23.65 will put the price under additional negative pressure that targets visiting 23.05 before any new positive attempt.
The expected trading range for today is between 23.50 support and 24.40 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...