SILVER
Silver price consolidated on the intraday bullish trend to bounce bullishly and resume the bullish bias, approaching from the key resistance 19.38.
Now, we expect the continuation of the bullish bias in the upcoming period unless breaking 18.90 followed by 18.34 and settling below them, as breaking this level represents negative factor that will push the price to visit 17.43 before any new attempt to rise, noting that breaching 19.38 level will open the way to target the previously recorded top at 21.12.
CRUDE OIL
Crude
oil price shows some slight bearish bias after testing 46.50 level (Resistance1) yesterday, organized inside the bullish
channel that appears on chart. Therefore, the bullish bias will be suggested
for the upcoming period conditioned by the price stability above 45.50 level (Support).
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