Silver price tests the support – Analysis - 25-09-2019

Economies.com
2019-09-25 05:02AM UTC

Silver price tested 18.40 level yesterday and kept its stability above it, which keeps the bullish trend scenario active until now, supported by the EMA50, besides the positive signal provided by stochastic, waiting to head towards 18.80 followed by 19.65 levels that represent our next main targets.

 

We should note that breaking 18.40 will stop the expected rise and press on the price to return to the correctional bearish track again.

 

The expected trading range for today is between 18.40 support and 18.80 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

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 ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Technical Analysis

Commodities

Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Technical Analysis

Commodities

Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...