Silver declined below the 50 EMA at $25.20 and is currently testing the support level at $25.00. RSI is in the moderate territory so there is plenty of room to gain additional downside momentum. If silver declines below the support at $25.00, it will move towards the next support level at $24.70. A successful test of this level will push silver towards the...
Oil managed to get below the $53 level and is trying to settle below the support level at $52.70. If this attempt is successful, oil will head towards the next support at $52. A move below this level will push oil towards the next support at $51.50. On the upside, oil needs to get back above the resistance at $53.30 to continue its upside move. This resistance...
Silver failed to develop additional downside momentum below the support level at the 50 EMA at $25.20 and remains stuck in the range between the 50 EMA and the 20 EMA at $25.75. In this light, the technical situation has not changed materially compared to the previous trading session. If silver settles below the 50 EMA, it will gain downside momentum and quickly...
Oil tested the resistance at $53.80 but failed to develop sufficient upside momentum and pulled back. If oil manages to settle above the resistance at $53.80, it will head towards the next resistance level at $54.40. A successful test of this level will open the way to the test of the psychologically important $55 level. RSI remains in the overbought territory,...
Silver pulled back from recent highs but continued its attempts to settle above the resistance level at $25.55. RSI is in the moderate territory so there is plenty of room to gain additional upside momentum in case the right catalysts emerge. If silver settles above $25.55, it will have a chance to get to the test of the resistance at the 20 EMA at $25.75. A...
It’s a bearish start to the day for Bitcoin, with the slide from last week’s all-time high $41,969 spooking investors. Support and Resistance Levels A move back through the 23.6% FIB of $33,008 and a move through the pivot level at $34,402 would support a run at the first major resistance level at $36,377. Support from the broader market is going to be needed,...
Oil gained strong upside momentum and almost managed to get to the test of the resistance level at $53.30. If oil gets above this level, it will head towards the next resistance at $53.80. A successful test of this level will open the way to the test of the resistance at $54.40. It should be noted that RSI is in the overbought territory so the risks of a pullback...
Silver managed to get above the 50 EMA at $25.15 and is trying to settle above the resistance at $25.30. If this attempt is successful, silver will get to another test of the resistance level at $25.55. In case silver manages to settle above $25.55, it will head towards the next resistance level which is located at the 20 EMA at $25.80. A successful test of the...
Oil faced strong resistance near $52.70 and pulled back closer to the $52 level. RSI is still in the overbought territory so the pullback has decent chances to continue. If oil manages to settle below the $52 level, it will be able to get to another test of the support at $51.50. A move below the support level at $51.50 will push oil towards the support at...
Silver gained strong downside momentum and is currently trying to settle below the support at $24.70. RSI remains in the moderate territory despite the strength of the recent sell-off so silver has a chance to gain additional downside momentum in case the right catalysts emerge. If silver settles below $24.70, it will head towards the support at $24.50. A...
Oil managed to get above the $51 level and gained additional upside momentum. Currently, oil is trying to settle above $51.50 which will provide it with an opportunity to get to the test of the $52 level. RSI has entered into the overbought territory and the risks of a pullback are increasing but there is still some room to develop momentum. If oil gets above the...
Silver found itself under strong pressure today and tested the support at the 20 EMA at $26.05. Importantly, silver managed to get out of the recent upside channel which is a worrisome development for the bulls. Currently, silver tries to get back above the resistance at $26.70. If this attempt is successful, silver will move towards the $27 level. A move above...
Oil is currently trying to settle above the $51 level. RSI is close to the overbought territory but there is still plenty of room to gain momentum. If oil settles above $51, it will head towards the next resistance at $51.50. A move above this level will push oil towards the $52 level. On the support side, the nearest support level for oil is located at $50.50....
Silver continues its attempts to settle below the nearest support level at $27.00. If silver declines below this level, it will head towards the next support at $26.70. A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is...
Oil gained strong momentum and continues its attempts to settle above the $50 level. RSI remains in the moderate territory so there is plenty of room to gain momentum. The next resistance level for oil, which is located at $50.50, has already been tested during the current trading session and proved its strength. In case oil manages to settle above this level, it...
Silver tested the resistance at $27.75 but failed to settle above this level and declined below $27.50. The nearest support level for silver is located at $27.00, and silver is currently testing this level. In case silver gets below this level, it will head towards the next support level at $26.70. A move below this level will push silver towards the support at...
Oil gained strong upside momentum and is trying to settle above the psychologically important $50 level. RSI remains in the moderate territory so there is plenty of room to gain additional momentum. If oil gets above the $50 level, it will head towards the next resistance at $50.50. A move above this level will push oil towards the resistance at $50.90. On the...
Silver continues its attempts to settle above the nearest resistance level at $27.50. This level has already been tested several times and proved its strength. In case silver gets above the resistance at $27.50, it will get to the test of the next resistance level at $27.75. A successful test of the resistance at $27.75 will show that silver is ready to get...