Silver within tight range – Analysis - 27/10/2014

Economies.com
2014-10-27 05:15AM UTC

 

 

Silver price continues its sideways and tight trading and it remains below the EMA50 which push negatively on the intraday trading, and that makes us keep preferring the bearish bias in the upcoming period, which targets testing 17.00 then 16.65 levels initially.

 

Breaching 17.40 level will provide strong positive motive that supports the chances of achieving positive gains that its main targets begin at 18.19 then 18.60.

 

Expected trading range for today is between: 16.65 support and 17.65 resistance.

 

Expected trend for today: Bearish

 

Commodities News

Gold News

Commodities

Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Steel News

Commodities

Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Oil News

Commodities

Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since morning, ...
Oil Analysis

Commodities

Crude oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by ...
Silver Analysis

Commodities

Silver price forecast update 16-05-2024
2024-05-16 09:26AM UTC
  Silver Price Analysis Expected Scenario Silver price shows sideways trades since ...