Silver price achieves the extended target – Analysis - 18-07-2019

Economies.com
2019-07-18 04:50AM UTC

Silver price rallied upwards strongly yesterday to succeed achieving our second waited target at 16.00, starting today with more rise to breach this level and settles above it, which supports the chances of extending the bullish wave on the short term basis, paving the way to head towards 16.50 as a next main station.

 

Therefore, the bullish bias will remain dominant in the upcoming sessions, noting that holding above 16.00 represents initial condition to continue the expected rise.

 

The expected trading range for today is between 15.95 support and 16.35 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Oil News

Commodities

Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
  Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Gold Analysis

Commodities

End of day gold price forecast update - 02-05-2024
2024-05-02 16:16PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the main ...
Brent oil Analysis

Commodities

Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...