Comex Silver (SI) Silver falls sharply to as low as 16.08 but is still holding above 16.06 cluster support (38.2% retracement of 13.495 to 17.69 at 16.088) so far. As long as…
Tag: Silver
Technical Rebounds on Commodities May Not End Reversal
Crude oil price recovers Friday after 2 days’ selloff of -8%. Currently trading at 66.35, WTI crude may have the risk of breaking 65 and testing 60 if there’s no supportive news/data…
Silver Daily Technical Outlook
Comex Silver (SI) Intraday bias in Silver remains neutral for the moment as consolidation from 17.69 is still in progress. Some more sideway trading might be seen but downside is expected to…
Silver Daily Technical Outlook
Comex Silver (SI) Silver recovery was limited below 17.69 and consolidations from there continues. Some more sideway trading might be seen but downside is expected to be contained by 16.06 cluster support…
Silver Daily Technical Outlook
Comex Silver (SI) Silver’s consolidation from 17.69 is still in progress and might extend further. But still, downside is expected to be contained by 16.06 cluster support (38.2% retracement of 13.495 to…
Silver Daily Technical Outlook
Comex Silver (SI) Silver’s pull back from 17.69 is still in progress and extends further today. As discussed before, a short term top is in place with bearish divergence conditions in 4…
Crude Oil Retreats – Investors Need Evidence on Demand
Crude oil price trades narrowly with a soft tone in Asia Monday. Although we have received some stronger-than-expected economic data and the global environment seems to have turned more positive, all these…
Silver Weekly Technical Outlook
Comex Silver (SI) Silver’s rally extended further to as high as 17.69 last week before retreating mildly. Considering bearish divergence conditions in 4 hour MACD and RSI, a short term top might…
Weekly Fundamental Outlook for Energies and Metals – Crude’s Rally Derailed from Fundamentals Again
Strength in stock markets and decline in USD were the major reasons for the rises in commodities. In the US, Dow Jones Industrial Average climbed +2.2% to settle at 9820 while S&P…
Silver Daily Technical Outlook
Comex Silver (SI) Break of 17.17 minor support, with 4 hours MACD crossed below signal line indicates that an intraday top is formed. Also, considering bearish divergence conditions in 4 hours MACD…