Silver price presses on the support - Analysis - 15-06-2021
Economies.com
2021-06-15 03:56AM UTC
Silver price opens today’s trading with new decline to start pressing on 27.55 level, getting negative signal through stochastic, which supports the chances of breaking the mentioned support to open the way to head towards 26.85 that represents our next negative target.
Therefore, our bearish overview will remain valid and active for the upcoming period, noting that breaching 28.00 will stop the suggested decline and lead the price to start new recovery attempts.
The expected trading range for today is between 27.00 support and 28.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities Technical Analysis
Commodities
Natural gas price hits the first target – Forecast today – 9-5-2024
2024-05-09 05:53AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price formed new bullish waves ...
Commodities
Platinum price settles below the barrier – Forecast today – 9-5-2024
2024-05-09 05:40AM UTC
Platinum Price Analysis Expected Scenario Platinum price kept its stability below 983.00$ ...
Commodities
Copper price awaits the negative momentum – Forecast today – 9-5-2024
2024-05-09 05:39AM UTC
Copper price still lacks the negative momentum until this moment, to force it to postpone the ...