Silver price attempts positively – Analysis - 27-11-2019
Economies.com
2019-11-27 05:52AM UTC
Silver price provided positive trades yesterday to breach 16.96 level and settles above it, but we believe that the intraday bullish channel forms bearish flag patter that supports the chances of continuing the correctional bearish trend, which means that breaking 16.96 again will activate the negative effect of this pattern and press on the price to head towards the next correctional level at 16.33.
Therefore, we will keep our bearish overview unless breaching 17.25 level and holding above it, as breaching this level will lead the price to test 17.60 level before any new attempt to decline.
The expected trading range for today is between 16.70 support and 17.20 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
Natural gas price confirms the positivity – Forecast today – 24-4-2024
2024-04-24 05:43AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price provided new positive ...
Commodities
Platinum price suffers additional losses – Forecast today – 24-4-2024
2024-04-24 05:34AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Potential Reversal to Bullish ...
Commodities
Copper price provides mixed trades – Forecast today – 24-4-2024
2024-04-24 05:33AM UTC
Suggested Scenarios and Trading Range Analysis Scenario 1: Continuation of Bearish ...