Silver price breaks the support – Analysis - 26-10-2020
Economies.com
2020-10-26 03:52AM UTC
Silver price managed to break the intraday bullish channel’s support line and settles below it now, which supports the continuation of our bearish overview efficiently, opening the way to head towards our waited negative target at 23.60.
The EMA50 supports the expected decline, and it is important to monitor the price when reaching the targeted level, as breaking it will extend the bearish wave to reach 22.13 as a next target, while holding below 25.06 represents key condition to continue the negative scenario.
The expected trading range for today is between 23.70 support and 24.80 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...