Silver price tests the resistance again – Analysis - 07-05-2019
Economies.com
2019-05-07 02:16AM UTC
Silver price returns to test the bearish channel’s resistance, which represents the first protection factor to the continuation of the recently suggested negative scenario, as breaching it will push the price to test the most important resistance at 15.22 before any new attempt to decline.
In general, we will keep our overall bearish overview unless breaching 15.22 and holding with a daily close above it, noting that breaking 14.73 is required to push the price towards 14.50 as a next main station.
The expected trading range for today is between 14.60 support and 15.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...