Silver price tests the support – Analysis - 06-06-2019
Economies.com
2019-06-06 04:21AM UTC
Silver price provided clear positive trades yesterday but it returns to test 14.73, as it keeps its stability above it until now, accompanied by stochastic entering the oversold areas, while the EMA50 provides the positive support to the price.
Therefore, these factors reinforce the chances of continuing the bullish trend in the upcoming sessions, which targets 15.25 level mainly, while achieving it conditions holding above 14.73.
The expected trading range for today is between 14.70 support and 15.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Wheat price keeps its positive stability – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Wheat Price Analysis Wheat price provided clear positive trades in the previous sessions to ...
Commodities
Corn price tests the support base – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Corn Price Analysis Corn price is testing 449.20$ level and keeps its stability above it, ...
Commodities
Brent oil price begins negatively – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Brent Oil Price Analysis Brent oil price rebounds bearishly after testing 89.50$ level, to head ...