Platinum needs strong positive momentum – Analysis – 7-7-2020
Economies.com
2020-07-07 05:14AM UTC
Platinum price continued to form mixed trades, attempting to face the negativity of the major indicators until gathering new positive momentum that supports the main bullish track, based on the stability of 760.00 support line.
Stochastic begins to form bullish wave and attempts to rally above 50 level, to support the bullish attempts and expect rallying towards 870.00 barrier soon, while surpassing it might extend trades towards 915.30 and 980.00 levels.
The expected trading range for today is between 800.00 and 870.00
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Natural gas price moves slowly – Forecast today – 2-5-2024
2024-05-02 08:14AM UTC
Expected Scenarios Natural gas price continued to provide slow sideways trades, affected by ...
Commodities
Platinum price repeats the positive attempts – Forecast today – 2-5-2024
2024-05-02 08:05AM UTC
Expected Scenarios Platinum price ended yesterday by settling above 950.00$ level again, ...
Commodities
Copper price keeps the correctional bearish track – Forecast today – 2-5-2024
2024-05-02 08:04AM UTC
Expected Scenarios No change to copper price bearish track, as it keeps providing negative ...