Platinum gains new momentum – Analysis – 11-2-2019
Economies.com
2019-02-11 08:34AM UTC
Platinum price succeeded to gather a new negative momentum, affected by stochastic reach below 50 level, to notice forming an extra bearish wave and its stability at 790.00, and surpassing the obstacle at 775.00 is important to open the way towards recording extra bearish targets by reaching 748.00 reaching to 660.00 in the upcoming period trading.
Note that the stability of the barrier at 825.00 is important to keep forming an extra resistance that prevents the price from renewing the bullish correction moves, which increases the chances for resuming the waited bearish attack.
The expected trading range for today is between 810.00 and 748.00
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities Technical Analysis
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:16PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the main ...
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...