Platinum fluctuates within the bullish range – Analysis – 29-3-2017

Economies.com
2017-03-29 08:50AM UTC

 Platinum price failed to achieve the required breach to 980.00 level, to repeat its fluctuation below the moving average 55 to settle at 950.00, by the above image, we notice forming a new good support base at 936.00 to support the positive stability in the near and medium period, to keep our bullish suggestion until gathering the positive momentum, which allows it to surpass the last barrier and reach the next target at 1010.00.

 

Providing negative close below 936.00 level will cancel the bullish overview, which makes the price under big negative pressures that might push it to 913.00, to form the first negative station to the price.

 

Expected trading range for today is between 960.00 and 1010.00

 

Expected trend for today: Bullish

 

 

 

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$, ...
Gold Analysis

Commodities

End of day gold price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Gold price rallied upwards strongly to succeed touching our waited target at 2222.86$ and attempts ...
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 ...