Monday, November 28, 2022

Silver and Oil likely to Head North Soon

Silver got back to the broken resistance area formed between levels 20.90 and 21.30 and then pulled back. Now, the price of silver has reversed towards the north, leaving behind the broken range. The asset is targeting the resistance at the level of 24.75. So, let’s see what is going to happen next.After a small rise from the supporting level of 15625, Bitcoin has been forming small candles for a couple of days in a row. This might signify the upcoming formation of the bullish flag. Bitcoin is likely to target the level of 18500 next.The price of oil is moving in the supporting zone formed between the levels 82.38 and 83.79. Hence, oil might potentially jump at the beginning of the next trading week. So, let’s observe oil price movements in the supporting zone.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/silver-and-oil-likely-to-head-north-soon"
via IFTTT

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Don’t count resources out

Commodities have performed poorly over the past year, but they tend to move in long and volatile cycles. from Moneyweek RSS Feed https://m...