Platinum looks for the positive momentum– Analysis – 13-3-2018

Economies.com
2018-03-13 06:05AM UTC

Platinum price remains stable above the critical support at 940.00 level, to notice its affection by the sideways bias due to the neediness to the bullish momentum, therefore, we will keep waiting until gathering new positive momentum to push it to surpass 985.00 barrier, then begins recording more of the positive targets that begin at 1030.00.

 

Note that the price attempt to break the current support will cancel the positive overview, affected by big negative pressures, to expect targeting several negative levels that might begin at 890.00.

 

Expected trading range for today is between 940.00 and 1000.00

 

Expected trend for today: Bullish.

 

Commodities News

Gold News

Commodities

Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Brent Oil News

Commodities

Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Gold News

Commodities

Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price tests the support base – Forecast today - 08-05-2024
2024-05-08 03:55AM UTC
Wheat Price Analysis Outlook and Forecast for Current Trading Sessions Expected Scenario Price ...
Technical Analysis

Commodities

Sugar price breaches the resistance – Forecast today - 08-05-2024
2024-05-08 03:55AM UTC
Sugar Price Analysis Outlook and Forecast for Current Trading Sessions Expected Scenario Price ...
Technical Analysis

Commodities

Soybean price gets positive motive – Forecast today - 08-05-2024
2024-05-08 03:54AM UTC
Soybean Price Analysis Outlook and Forecast for Current Trading Sessions Expected ...