Platinum without any change – Analysis – 13-8-2018

Economies.com
2018-08-13 07:09AM UTC

No major changes for Platinum price, despite its consolidation within the bearish channel, affected by the strength of the initial support at 790.00, while we will keep suggesting the sideways fluctuation for now until gathering strong negative momentum to increase the chances of achieving the required break followed by extending trades towards the main negative levels at 748.00 followed by 680.00.

 

We remind you that it is important to hold below 870.00 resistance to confirm the continuation of the negativity for the upcoming trading and avoid any losses that might appear due to forming unexpected correctional bullish trades.

 

Expected trading range for today is between 850.00 and 790.00

 

Expected trend for today: Sideways

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...