Silver price loses momentum – Analysis - 11-09-2019
Economies.com
2019-09-11 05:03AM UTC
Silver price hovers around 18.00 level, noticing that stochastic loses its positive momentum to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and the next target located at 17.60, noting that breaching 18.30 will stop the negative scenario and push the price to recover again.
The expected trading range for today is between 17.80 support and 18.30 resistance.
The expected trend for today: Bearish
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 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...