Silver tests the support – Analysis - 30-06-2017
Economies.com
2017-06-30 03:08AM UTC
Silver price provided negative trading yesterday to test the key support 16.56, as the price is affected by stochastic and the EMA50 negativity, waiting to get enough positive momentum to push the price to breach 17.00 level to confirm the continuation of the recently suggested bullish trend, which depends on holding above 16.56.
Therefore, the bullish bias still suggested on the intraday and short term basis, and the first target is represented by testing 17.43 level, noting that breaking 16.56 will push the price to test 15.49 areas before any new attempt to rise.
Expected trading range for today is between 16.50 support and 17.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...