Silver approaches from the target – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
Silver price traded with clear positivity yesterday to approach from our first waited target at 17.43, reinforcing the expectations for the continuation of the bullish trend on the intraday and short term basis, pointing that breaching the mentioned level will extend the gains to reach 18.30 as a next main station.
The EMA50 supports the suggested bullish wave, and its continuation conditioned by holding above 16.56 level.
Expected trading range for today is between 16.95 support and 17.43 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
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 Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...