Silver price faces negative pressure – Analysis - 18-01-2019
Economies.com
2019-01-18 04:53AM UTC
Silver price shows negative trading to press on 15.55 level, but we notice that the price leans on the intraday bearish channel’s support line and attempts to rise again, supported by stochastic positivity.
Therefore, we will keep our bullish overview unless the price continued its negative pressure to break 15.45 level and settles below it, noting that breaching 15.62 will reinforce the chances of heading towards our next main target at 16.00.
Expected trading range for today is between 15.40 support and 15.80 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...