Platinum gains new positive momentum – Analysis – 9-1-2020

2020-01-09 08:58:23 GMT (Economies.com)
 

Platinum price gained new positive momentum by stochastic attempt to crawl towards the overbought areas, to reinforce the continuation of the previously suggested positivity, also, the frequent stability above the initial support 950.00 allows us to suggest more bullish attempts until reaching the next main target at 1025.00.

 

We continue to mention that attempting to break the current support will postpone the bullish attack temporarily to force the price to suffer some losses by forming correctional bearish trades to target 930.00 followed by reaching the main support at 905.00.

 

The expected trading range for today is between 950.00 and 1025.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0978
0.0163
1.5113%
1.2870
-0.0078
0.6005%
Tadawul
7628.34
-82.78
1.07%
17.840
-0.653
3.534%
46.805
-6.528
12.240%
51.07
-2.36
4.42%
1647.815
4.170
0.254%
 
 
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