Silver price tests the key support – Analysis - 22-01-2020

Economies.com
2020-01-22 05:47AM UTC

Silver price traded with strong negativity yesterday to break 17.90 level and touches 17.60 level direct, noticing that the price settles above this level now, witnessing oversold signals through stochastic, which supports the chances of bouncing bullishly to resume the bullish trend in the upcoming sessions.

 

Therefore, we suggest witnessing positive trades today, and the main waited target reaches 17.38, taking into consideration that breaking 17.60 will stop the positive scenario and press on the price to head towards 16.96 as a next negative target.

 

The expected trading range for today is between 17.60 support and 18.00 resistance.

 

The expected trend for today: Bullish

Commodities News

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 ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Gold Analysis

Commodities

End of day gold price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Gold price rallied upwards strongly to succeed touching our waited target at 2222.86$ and attempts ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...