Platinum achieves the first main target – Analysis – 16-1-2020

2020-01-16 07:41:26 GMT (Economies.com)
 

Platinum price formed strong bullish wave yesterday to notice touching the first main target at 1025.00 and face 23.6% Fibonacci correction level, while the price stability within the bullish channel besides stochastic additional positive momentum signals by settling within the oversold areas in addition to 990.00 level forming additional support allow us to expect resuming the bullish attack until touching the bullish channel’s resistance at 1055.60.

 

The expected trading range for today is between 990.00 and 1055.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0978
0.0163
1.5030%
1.2881
-0.0067
0.5167%
Tadawul
7628.34
-82.78
1.07%
17.847
-0.646
3.493%
46.925
-6.408
12.015%
51.62
-1.81
3.39%
1650.400
6.755
0.411%
 
 
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