Silver price loses momentum - Analysis - 22-07-2021
Economies.com
2021-07-22 04:14AM UTC
Silver price achieved intraday gains yesterday and settled around 25.20, noticing that stochastic shows clear overbought signals now, while the EMA50 continues to form the negative pressure on the price.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 24.95 to confirm opening the way to head towards 23.76, noting that the continuation of the bearish wave depends on the price stability below 25.65.
The expected trading range for today is between 24.50 support and 25.65 resistance.
The expected trend for today: Bearish
Commodities 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 ...
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
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
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 ...