Silver confirms the break – Analysis - 09-11-2018

Economies.com
2018-11-09 04:50AM UTC

Silver price confirmed breaking the bullish trend line that appears on the chart and shows more bearish bias, to crawl gradually towards our main waited target at 13.93, supported by moving below the EMA50.

 

On the other hand, we should note that breaching 14.73 will stop the suggested negative scenario and lead the price to achieve gains that reach 15.22 mainly.

 

Expected trading range for today is between 14.00 support and 14.50 resistance.

 

Expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Oil News

Commodities

Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Wheat Price Analysis Expected Scenario Wheat price opens today’s trading with ...
Technical Analysis

Commodities

Sugar price loses momentum – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Sugar Price Analysis Expected Scenario Sugar price settles around 19.50$ level, noticing ...
Technical Analysis

Commodities

Soybean price continues to decline – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
Soybean Price Analysis Expected Scenario Soybean price shows more bearish bias to reach ...