Silver price gathers the positive momentum – Analysis - 19-08-2019
Economies.com
2019-08-19 05:15AM UTC
Silver price shows bearish bias to test the EMA50 now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the main bullish trend, organized inside the bullish channel that appears on the chart, noting that our main targets begin by breaching 17.30 level to confirm extending the bullish wave towards 18.45.
Holding above 16.50 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 16.90 support and 17.30 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...