Platinum confirms the positivity – Analysis – 19-4-2017

Economies.com
2017-04-19 07:16AM UTC

Platinum price affected by stochastic attempt to surpass the overbought level, which forces it to provide intraday sideways trading by its stability near the moving average 55, the price might be forced to test 950.00 level, to form an initial support against the current trading, which supports the domination of the positivity by the price confinement above the main support at 915.00.

 

Therefore, we wait for gathering strong positive strong that allows it to record the expected targets that represented by 1010.00 and 1080.00 level.

 

Expected trading range for today is between 950.00 and 1010.00

 

Expected trend for today: Bullish

 

 

 

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

Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...
Technical Analysis

Commodities

Soybean price reactivates the correctional scenario – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Soybean Price Analysis Soybean price breached the 1193.10$ level clearly and closed the daily ...
Technical Analysis

Commodities

Corn price hits the target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited ...