No change for Platinum price – Analysis – 2-4-2019

Economies.com
2019-04-02 06:36AM UTC

No change for Platinum price that keeps fluctuating below the bearish channel’s resistance at 870.00, assuring the importance of gathering the negative momentum to increase the chances of breaking 825.00 barrier followed by waiting to reach the next target at 775.00.

 

The price gets the negative momentum now by the consolidation of the moving average 55 above the main resistance, to confirm blocking the price within the bearish range and wait to achieve the suggested targets.

 

The expected trading range for today is between 870.00 and 825.00

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Oil News

Commodities

US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Gold Analysis

Commodities

Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Platinum Analysis

Commodities

Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...