Silver price breaks the support – Analysis - 05-10-2018
Economies.com
2018-10-05 04:27AM UTC
Silver price managed to break the intraday bullish trend line and settled below it, which supports the continuation of our bearish overview in the upcoming sessions, waiting to target 14.35 followed by 13.93 levels as next main stations.
Surpassing the EMA50 will ease the mission of achieving the mentioned targets, while holding below 14.73 represents key condition to continue the expected decline.
Expected trading range for today is between 14.30 support and 14.73 resistance.
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 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...