Silver price under the negative effect – Analysis - 09-07-2019
Economies.com
2019-07-09 04:47AM UTC
Silver price returned to settle below the neckline of the double top pattern after the positive attempts that it witnessed yesterday, to keep the negative effect of this pattern active, waiting to resume the bearish bias that targets 14.73 followed by 14.50 levels as next main stations.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions unless the price rallied to breach 15.23 level and hold with a daily close above it.
The expected trading range for today is between 14.80 support and 15.15 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price succeeded to touch our waited ...
Commodities
Crude oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear negativity ...
Commodities
Silver price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Silver Price Analysis Expected Scenario Silver price trades negatively now to approach ...