Silver price breaks the support – Analysis - 20-12-2018
Economies.com
2018-12-20 04:42AM UTC
Silver price attempted to breach 14.73 level yesterday, but it bounced lower strongly to break the critical support at 14.55 and attempt to settle below it, reactivating the bearish trend scenario, easing the way to begin a bearish wave that tragets 13.93 levels mainly.
Therefore, the bearish bias will be preferred in the upcoming sessions unless breaching 14.73 level and holding with a daily close above it.
Expected trading range for today is between 14.30 support and 14.70 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 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...