Platinum holds above the support – Analysis – 14-1-2020

2020-01-14 07:28:29 GMT (Economies.com)
 

Despite Platinum price recent weak trades, its consolidation within the bullish channel and the frequent stability above the initial support 950.00 supports the previously suggested bullish attempts.

 

Therefore, we will keep our bullish overview that targets 1025.00 that forms 23.6% Fibonacci correction level, and surpassing it might extend trades towards 1055.00 to press on the bullish channel’s resistance.

 

The expected trading range for today is between 950.00 and 1025.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0970
0.0155
1.4309%
1.2871
-0.0077
0.5978%
Tadawul
7628.34
-82.78
1.07%
17.747
-0.746
4.031%
47.206
-6.127
11.488%
52.37
-1.11
2.08%
1646.405
2.760
0.168%
 
 
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