Silver price tests the support – Analysis - 21-02-2019
Economies.com
2019-02-21 05:17AM UTC
Silver price tests the key support base 16.00 now and keeps its stability above it, accompanied by stochastic reach to the oversold areas, while the EMA50 provides continuous positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 16.50 level as a next station, while achieving it conditions holding above 16.00.
The expected trading range for today is between 15.90 support and 16.20 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
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 Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...