Silver price resumes the rise - Analysis - 17-05-2021
Economies.com
2021-05-17 03:55AM UTC
Silver price continues to rise to approach 28.00 barrier now, moving organized inside the intraday bullish channel that appears on the chart, noting that the positive effect of the previously completed inverted head and shoulders’ pattern still active.
Therefore, the bullish trend will remain dominant in the upcoming sessions, which targets 28.35 followed by 29.00 levels as next main stations, reminding you that it is important to hold above 26.60 to achieve the suggested targets.
The expected trading range for today is between 27.70 support and 28.35 resistance.
The expected trend for today: Bullish
Commodities News
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
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...