Silver price gathers the positive momentum – Analysis - 23-11-2020
Economies.com
2020-11-23 05:01AM UTC
Silver price hovers around the EMA50, noticing that stochastic gets rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the bullish bias, which targets testing 25.06 level initially, reminding you that breaching this level represents the key to rally towards 26.00 followed by 26.88 levels as next main targets.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 23.60 level and holding below it.
The expected trading range for today is between 23.60 support and 25.30 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
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 Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...