Silver price breaks the support – Analysis - 09-10-2018
Economies.com
2018-10-09 04:23AM UTC
Silver price managed to break the intraday bullish channel’s support line and settled with a daily close below it, reinforcing the expectations of continuing the decline on the intraday and short term basis, opening the way to head towards the recently recorded low at 13.96 as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 14.73 level and holding above it.
Expected trading range for today is between 14.15 support and 14.55 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...