OctaFX | OctaFX Forex Broker
Open trading account

Silver: Risks correction towards $22.80 – Commerzbank

The Commerzbank analysts are out with their technical projections on Silver (XAG/USD), suggesting that a sharp correction is due on the cards.

Key quotes

“We would allow for a corrective set back to the 23.6% retracement at 22.80 and the 38.2% retracement at 20.67 (of the move from March). We also have the 21.17 September 2019 high in this vicinity. Provided dips lower hold over the four-month uptrend at 19.26, an upside bias will be reserved.”

“Above 26.14 will target initially 27.42, the 38.2% retracement of the move from the 2011 peak. And then the 50% retracement at 31.71 of the same move.”

S&P 500 Futures: Erases losses on reports that convalescent plasma reduces COVID-19 death rate

Convalescent plasma reduced death rate among COVID-19 patients – WSJ developing story ....
Read more Previous

AUD/JPY Price Analysis: Battles two-week-old resistance line below 76.00

AUD/JPY prints 0.30% gains while taking the bids near 75.90 during early Wednesday. The quote currently trades near Friday’s top while struggling to c
Read more Next
Start livechat