Silver knocks the door for more incline 20/11/2012

Economies.com
2012-11-20 06:09AM UTC

The price moved higher yesterday hitting the first main waited target at 33.20 which we mentioned recently that breaching it is important to open the way for more bullish trend on the intraday and short term basis.

 

We might witness some fluctuating in order to gain positive momentum is enough to breach the mentioned level, and the next targets begin at 34.00 followed by 35.00

 

Expected trading range for today is between: 32.00 support and 34.50 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

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 ...
Oil News

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 ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Oil Analysis

Commodities

Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Silver Analysis

Commodities

Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...