Silver price gathers the positive momentum – Analysis - 22-03-2019
Economies.com
2019-03-22 05:18AM UTC
Silver price bounced bearishly after testing 15.62 level yesterday, to lean on the EMA50 and begins positive attempts now, noticing that stochastic gathers the positive momentum gradually, while the price moves inside an intraday bullish channel that appears on the chart.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, and the price needs to breach 15.62 to confirm rallying towards 16.00 as a next main station, reminding you that the continuation of the expected rise depends on the price stability above 15.22.
The expected trading range for today is between 15.30 support and 15.70 resistance.
The 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
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...