Silver price attempts negatively – Analysis - 01-05-2019

Economies.com
2019-05-01 03:43AM UTC

Silver price provided negative trades yesterday to approach our waited target at 14.73, noticing that stochastic provides negative overlapping signal now, which supports the chances of continuing the bearish trend in the upcoming sessions, reminding you that breaking the mentioned level will push the price towards 14.50 direct.

 

Holding below 15.22 is important to continue the suggested bearish wave, as breaching it will push the price to achieve gains that start at 15.62.

 

The expected trading range for today is between 14.73 support and 15.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Gold 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 ...
Brent Oil News

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 ...
Gold News

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

Oil 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 ...
Coffee Analysis

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 ...
Natural gas Analysis

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 ...