Silver price resumes the decline – Analysis - 16-10-2019
Economies.com
2019-10-16 04:50AM UTC
Silver price traded with a clear negativity yesterday to break 17.60 level and settles below it, keeping the negative effect of the rising wedge pattern active, we expect the continuation of the decline in the upcoming sessions and head towards 16.96 as a next main station.
Moving below the EMA50 supports the expectations for declining, which will remain valid unless breaching 17.60 then 17.80 and holding above it.
The expected trading range for today is between 17.20 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
Natural gas price tends towards the positivity – Forecast today – 30-4-2024
2024-04-30 05:39AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price succeeded in holding above ...
Commodities
Platinum price touches the main target – Forecast today – 30-4-2024
2024-04-30 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price took advantage of frequent ...
Commodities
Copper price attacks the resistance – Forecast today – 30-4-2024
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price Expected Scenarios Copper price successfully reached the ...