Silver price settles below the broken support – Analysis - 12-11-2019

Economies.com
2019-11-12 05:44AM UTC

Silver price keeps its stability below 16.96 level, to keep the negative pressure valid for today, supported by stochastic loss to the positive momentum and reaching the overbought areas, besides the negative pressure formed by the EMA50.

 

Therefore, we are waiting for negative trades today, and the next target reaches 16.33, reminding you that breaching 16.96 will lead the price to achieve intraday gains and test 17.60 level before any new negative attempt.

 

The expected trading range for today is between 16.50 support and 17.00 resistance.

 

The expected trend for today: Bearish

 

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price returns to the bullish correction – Forecast today - 29-03-2024
2024-03-29 01:50AM UTC
Wheat Price Analysis Expected Scenario: Continuing Bullish Momentum Wheat price rallied ...
Technical Analysis

Commodities

Sugar price completes the positive pattern – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Sugar Price Analysis Expected Scenario: Continuing Bullish Trend Sugar price managed to breach ...
Technical Analysis

Commodities

Soybean price keeps the positive stability – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Soybean Price Analysis Expected Scenario: Continuing Bullish Trend Soybean price attempted to ...