Platinum keeps the positivity – Analysis – 8-1-2020

2020-01-08 07:19:12 GMT (Economies.com)
 

Platinum price succeeded to provide clear stability above 955.00 level that forms additional support to confirm the continuation of the previously suggested positivity, while stochastic attempt to crawl towards the overbought areas allows us to expect gathering new positive momentum to ease the mission of resume the bullish attack until reaching 1025.00 and 1060.00 levels.

 

We should note that attempting to break the current support will postpone the bullish attack temporarily to force the price to force some losses by forming correctional bearish trades to target 930.00 followed by reaching the major support at 905.00.

 

The expected trading range for today is between 950.00 and 1025.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0980
0.0165
1.5266%
1.2879
-0.0069
0.5325%
Tadawul
7628.34
-82.78
1.07%
17.849
-0.644
3.482%
46.685
-6.648
12.465%
51.82
-1.62
3.03%
1651.585
7.940
0.483%
 
 
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