Platinum keeps the negative stability – Analysis – 15-6-2017

Economies.com
2017-06-15 09:26AM UTC

Platinum price provides negative trading below the moving average 55, to confirm the continuation of the bearish bias domination as we expected, reminding you that the bearish scenario depends on the stability of the resistance at 960.00, to keep waiting for forming the negative attack that targets 910.00 reaching 885.00 in the near and medium period.

 

Note that the attempt of breaching the current resistance and providing positive close, so that will confirm surpassing the negative pressures, to begin building a new bullish bias, and 980.00 level forms the initial positive target then expect reaching 1045.00.

 

Expected trading range for today is between 960.00 and 910.00

 

Expected trend for today: Bearish

 

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

Technical Analysis

Commodities

Wheat price returns to the bullish correction – Forecast today - 29-03-2024
2024-03-29 01:50AM UTC
Wheat Price Analysis Expected Scenario: Continuing Bullish Momentum Wheat price rallied ...
Technical Analysis

Commodities

Sugar price completes the positive pattern – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Sugar Price Analysis Expected Scenario: Continuing Bullish Trend Sugar price managed to breach ...
Technical Analysis

Commodities

Soybean price keeps the positive stability – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Soybean Price Analysis Expected Scenario: Continuing Bullish Trend Soybean price attempted to ...