No news for Platinum price – Analysis – 29-12-2020

Economies.com
2020-12-29 06:08AM UTC

Platinum price did not succeed to take advantage of the positive stability within the bullish channel, to notice the continuous fluctuation below 1050.00 barrier to increase the chances of forming correctional bearish trades and repeat the attempt to reach 990.00 level, while breaking it might extend losses towards 950.00.

 

On the other hand, succeeding to breach the current barrier will allow the price to resume the bullish attempts, to expect recording additional positive targets that start at 1085.00 followed by 1105.00.

 

The expected trading range for today is between 1050.00 and 980.00

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Oil 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 ...
Gold News

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 Technical Analysis

Oil 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 ...
Gold Analysis

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 ...
Brent oil Analysis

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 ...