Silver price hits the negative targets - Analysis - 07-01-2022

Economies.com
2022-01-07 04:54AM UTC

Silver price succeeded to achieve our main waited target at 22.00 and presses negatively on it, hinting heading to break this level and extend the bearish wave to reach 21.40 that represents our next target.

 

Therefore, we expect the continuation of the bearish trend domination on the intraday basis, affected by the trip top pattern that its signs appear on the chart, reminding you that it is important to hold below 22.60 to continue the suggested decline.

 

The expected trading range for today is between 21.60 support and 22.60 resistance.

 

The expected trend for today: Bearish

Commodities News

Oil News

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 ...
Oil News

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 ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...