Silver price under the negative pressure – Analysis - 08-01-2019
Economies.com
2019-01-08 05:00AM UTC
Silver price provided clear negative trades by today’s opening to break 15.62 level, noticing from the minor image that the price completed forming a double top pattern, which puts the price under negative pressure that we expect to push the price to visit 15.22 areas in the upcoming period.
Therefore, we suggest witnessing more decline today, noting that breaching 15.62 will push the price back to resume the correctional bullish track.
Expected trading range for today is between 15.22 support and 15.70 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...