Platinum postpones the bullish rally – Analysis – 12-4-2021
Economies.com
2021-04-12 05:06AM UTC
Platinum price confirmed postponing the bullish attack by providing new negative close below 1230.00 barrier, which support the sideways attempts with chances to test 1140.00 before testing any new positive target.
On the other hand, rallying above the current barrier and holding above it will reinforce the bullish track caused by the price consolidation within the bullish channel, to expect targeting 1280.00 followed by reaching 1350.00 in the upcoming period.
The expected trading range for today is between 1230.00 and 1180.00
The expected trend for today: Bearish temporarily
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...