Silver price achieves the first target – Analysis - 17-05-2019
Economies.com
2019-05-17 00:45AM UTC
Silver price traded with strong negativity to succeed achieving our first waited target at 14.50, and we expect the continuation of the bearish bias inside the bearish channel that appears on the chart to head towards 13.93 that represents our next main target.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions supported by the negative pressure formed by the EMA50 unless breaching 14.80 level and holding above it.
The expected trading range for today is between 14.25 support and 14.80 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...