Platinum gathers new negative momentum – Analysis – 2-10-2017
Economies.com
2017-10-02 07:05AM UTC
Platinum price succeeded to gather new negative momentum by stochastic reach to the oversold areas, to reinforce our expectations of the bearish bias domination, while the price might face intraday obstacle around 900.00 that will force it to provide some sideways trading before reaching the main target around 880.00.
We should note that the continuation of the negative pressures and the price attempt to decline below 880.00 will push the price to settle within the bearish channel again, to continue suggesting the negative attempts and start targeting new levels that might begin at 820.00 in the upcoming period.
Expected trading range for today is between 938.00 and 880.00
Expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...