Platinum keeps the bearish track – Analysis – 23-07-2021

Economies.com
2021-07-23 09:34AM UTC

In spite of the slowness of Platinum price’s last trading, but its repeated negative stability below the main resistance at 1150.00 and the continuation of forming an extra barrier at 1105.00 level, these factors support our bearish expectation in the near and medium period.

 

The price needs a new negative momentum to ease the mission of achieving the negative targets that are located near 1035.00 reaching 50% Fibonacci correction level at 945.00. 

 

The expected trading range for today is between 1105.00 and 1035.00

 

The 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

Natural gas Analysis

Commodities

Natural gas price tends towards the positivity – Forecast today – 30-4-2024
2024-04-30 05:39AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price succeeded in holding above ...
Platinum Analysis

Commodities

Platinum price touches the main target – Forecast today – 30-4-2024
2024-04-30 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price took advantage of frequent ...
Copper Analysis

Commodities

Copper price attacks the resistance – Forecast today – 30-4-2024
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price Expected Scenarios Copper price successfully reached the ...