Silver price resumes the decline – Analysis - 08-10-2019
Economies.com
2019-10-08 04:46AM UTC
Silver price shows calm bearish bias to support the expectations of continuing the correctional bearish trend, falling under the negative pressure formed by the EMA50, and we believe that the way is open to achieve our first target at 16.96.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 17.60, as breaching this level is considered as the first positive key to stop the current bearish correction and regain the main bullish trend.
The expected trading range for today is between 17.10 support and 17.60 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...