Silver price faces solid support – Analysis - 02-10-2019
Economies.com
2019-10-02 04:57AM UTC
Silver price provided positive trading after the price found a difficulty to break 16.96 level, noticing that stochastic lost its positive momentum, to form a negative motive that we wait to push the price to decline again and break the mentioned level to confirm the extension of the bearish wave to 16.33 as a next main station.
Therefore, we will keep preferring the bearish trend in the upcoming period unless breaching 17.60 level and holding with a daily close above it.
The expected trading range for today is between 16.80 support and 17.60 resistance.
The expected trend for today: Bearish
Commodities 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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
2024-04-29 05:56AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price postponed the bullish ...
Commodities
Platinum price presses on the moving average – Forecast today – 29-4-2024
2024-04-29 05:45AM UTC
Platinum Price Analysis Expected Scenario Platinum price started to form bullish waves to ...
Commodities
Copper price continues the positive crawl – Forecast today – 29-4-2024
2024-04-29 05:44AM UTC
Copper Price Analysis: Bullish Trend Continues No change to copper price bullish track as it keeps ...