Silver price reaches the negative target - Analysis - 15-09-2023
Economies.com
1 week ago
Silver price reached few pips away from our waited target at 22.25, and bounced upwards strongly to test the key resistance 23.00 now, noticing that the technical indicators provide negative signals that support the chances of bouncing bearishly to resume the correctional bearish track, waiting to test 22.25 again.
Therefore, we expect to witness negative trades in the upcoming sessions, noting that breaching 23.00 wills top the expected decline and lead the price to turn to rise.
The expected trading range for today is between 22.40 support and 23.10 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Is that the real reason behind Saudi Arabia's crude production cuts?
10 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Commodities
Palladium declines as dollar muscles up amid global inflation concerns
12 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Commodities
Oil prices climb for second straight day
15 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 22-09-2023
18 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Commodities
Midday update for Crude oil 22-09-2023
18 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Commodities
Midday update for Silver 22-09-2023
18 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...