Platinum might decline – Analysis – 27-1-2020

2020-01-27 07:56:20 GMT (Economies.com)
 

Platinum price provided new negative close recently below 1025.00, to continue forming strong obstacle against the bullish attempts and increases the chances of forming correctional negative rebound on the near term and medium term period.

 

On the other hand, stochastic exit from the overbought areas will increase the chances of crawling below the initial support at 990.00, to expect moving towards 950.00 followed by 920.00 levels soon.

 

The expected trading range for today is between 1025.00 and 950.00

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0979
0.0164
1.5183%
1.2884
-0.0064
0.4931%
Tadawul
7628.34
-82.78
1.07%
17.757
-0.736
3.980%
47.295
-6.038
11.321%
52.55
-0.83
1.55%
1640.735
-2.910
0.177%
 
 
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