Silver price settles below the resistance – Analysis - 22-10-2019
Economies.com
2019-10-22 04:47AM UTC
Silver price returned to settle below 17.60 level after the positive attempts that it witnessed yesterday, to keep the bearish trend scenario valid and active on the intraday and short term basis, waiting to head towards 16.96 that represents our next main target.
Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 17.60 level a holding with a daily close above it.
The expected trading range for today is between 17.20 support and 17.70 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Commodities
Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...
Commodities
Silver price forecast update 23-04-2024
2024-04-23 11:06AM UTC
Silver price shows new negative trades to attack 26.90$ and attempts to hold below it, to stop the ...