Platinum keeps the negative crawl – Analysis – 06-12-2018
Economies.com
2018-12-06 07:51AM UTC
Platinum price keeps crawling negatively, to approach from the target that located at 775.00, noticing that stability of the moving average 55 near the main bearish channel’s resistance at 906.00 level, to confirm the price confinement within the bearish range, to make us prefer more of the negative trading in the near and medium period.
Note that the price success to break the current barrier will open the way towards achieving more of the negative targets that might extend to reach 748.00 then 660.00.
Expected trading range for today is between 800.00 and 748.00
Expected trend for today: Bearish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...