Platinum crawls positively – Analysis – 7-2-2017
Economies.com
2017-02-07 07:56AM UTC
Platinum price provided slow positive trading since the last period, achieving 1013.00 level to approach from the first target at 1020.00 mainly, in general, the main suggestion will be bullish if the bullish channel’s support settled at 990.00, reminding you that surpassing the initial target will allow the price to record more of the targets by reaching 1050.00.
Stochastic keeps providing the required momentum by its rally to the overbought level, accompanied by the positivity of the moving average 55, due to its stability below the mentioned support, to confirm the price confinement within the bullish range.
Expected trading range for today is between 1000.00 and 1050.00
Expected trend for today: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...