Platinum keeps the bullish correctional bias – Analysis – 05-6-2019

Economies.com
2019-06-05 07:13AM UTC

Platinum price continued to form bullish correctional waves, to move away from the support at 790.00, therefore, we will keep our positive expectation in the near and medium period, to wait for achieving the correctional targets at 840.00 reaching to the main bearish channel’s resistance at 880.00.

 

Note that the price attempt to reach below the current support and providing negative close will force it to form a strong negative trading, to suffer several losses by reaching 749.00 and 680.00.

 

The expected trading range for today is between 800.00 and 840.00

 

The expected trend for today: Bullish

 

Commodities News

Gold News

Commodities

Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Oil News

Commodities

Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Gold News

Commodities

Gold prices edge away from record highs
2024-04-17 18:26PM UTC
Gold prices fell on Wednesday even as the dollar lost ground against most major rivals, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level ...
Oil Analysis

Commodities

Crude oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price resumes its negative trading ...
Silver Analysis

Commodities

Silver price forecast update 18-04-2024
2024-04-18 11:11AM UTC
Silver Price Analysis Expected Scenario Silver price is attempting to return to the ...