Silver price completes a positive pattern – Analysis - 21-03-2019

Economies.com
2019-03-21 05:25AM UTC

Silver price rallied upwards well yesterday to approach our waited target at 15.62, and by taking a deeper look at the chart, we find that the price completed forming a double bottom pattern, which forms positive motive that we expect to assist to push the price to breach the mentioned level and extend the bullish wave towards 16.00 as a next main station.

 

Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 15.22.

 

The expected trading range for today is between 15.40 support and 15.80 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Oil News

Commodities

Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Gold 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 Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Crude oil price traded with strong negativity to succeed achieving our waited target at 81.50$ and ...
Gold Analysis

Commodities

End of day gold price forecast update - 30-04-2024
2024-04-30 17:47PM UTC
Gold price shows more bearish bias to move away from 2325.90$ level and support the continuation of ...
Brent oil Analysis

Commodities

Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...