Silver awaits the positive motive – Analysis - 22-11-2017
Economies.com
2017-11-22 04:51AM UTC
The tight range returns to dominate Silver price trades, to move around 17.00 level again, noting that settling above 16.56 represents the most important condition to continue the recently suggested positive scenario, waiting to get strong positive motive that supports the chances of breaching 17.43 level to open the way to extend the bullish wave towards 18.30.
Therefore, the overall bullish trend will remain valid unless breaking 16.56 level and holding with a daily close below it.
Expected trading range for today is between 16.80 support and 17.20 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Natural gas price achieves the target – Forecast today – 17-5-2024
2024-05-17 07:17AM UTC
Natural Gas Price Analysis Expected Scenario The natural gas price succeeded in renewing ...
Commodities
Platinum price needs to surpass the barrier – Forecast today – 17-5-2024
2024-05-17 07:07AM UTC
Platinum Price Analysis Expected Scenario The platinum price touched the $1081.00 level ...
Commodities
Copper price repeats the positive closings – Forecast today – 17-5-2024
2024-05-17 07:06AM UTC
Copper Price Analysis Expected Scenario The copper price shows no change to its track, ...