Platinum touches the moving average – Analysis – 25/7/2014
Economies.com
2014-07-25 08:58AM UTC
Platinum price’s negative trading extended to notice touching the waited target at 1460.00 that represents the moving average 55, while the next scenario depends on the strength of the moving average, as falling below 1460.00 will support extending the trading negatively towards 1425.00.
On the other hand, holding above the moving average 55 will cancel the bearish overview to start gaining some bullish momentum to reach 1500.00, thus, we recommend to stay aside today until confirming the next trend.
Expected trading range is between: 1490.00 and 1425.00
Expected trend for today: Neutral
Commodities News
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities Technical Analysis
Commodities
Update: Crude oil price hits the first target
2024-05-14 15:07PM UTC
Crude oil price succeeded to touch our first waited targe tat 77.64$ and finds solid support there, ...
Commodities
Brent oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...
Commodities
Crude oil price forecast update 14-05-2024
2024-05-14 09:25AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price provides additional negative ...