Platinum exits the bullish track – Analysis – 28-11-2018

Economies.com
2018-11-28 07:33AM UTC

Platinum price suffered strong negative pressures, which forced it to exit the bullish track by reaching the bullish channel’s support at 835.00, the stability of this barrier and forming a new resistance makes us prefer more of the negative attempts, to expect attacking 814.00 reaching 775.00 in the medium period trading.

 

Stochastic approach from the oversold level reinforces the negative attempts by providing strong negative momentum, which eases the attempt of reaching the suggested negative targets.

 

Expected trading range for today is between 835.00 and 814.00

 

Expected trend for today: Bearish

 

 

Commodities News

Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Palladium News

Commodities

Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Oil News

Commodities

Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Oil Analysis

Commodities

Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Silver Analysis

Commodities

Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...