Platinum price continues to decline – Analysis – 13-11-2023

Economies.com
2023-11-13 05:51AM UTC

Platinum price confirmed keeping the main bearish track to notice crawling below 61.8% Fibonacci correction level at 855.00, to approach the next negative target at 837.00.

 

The main stability within the bearish channel and the continuous negative momentum coming by the major indicators allow us to suggest more negative trades, to expect targeting 828.00 level soon, to form new additional support against the current trades.

 

The expected trading range for today is between 862.00 and 828.00

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold edges down and logs in weekly losses
2024-05-24 20:39PM UTC
Gold prices fell on Friday even as the dollar lost ground against a basket of major rivals, with ...
Oil News

Commodities

Oil prices add over 1.5% following strong manufacturing data
2024-05-23 14:51PM UTC
Global oil prices rose over 1.5% in American trade on Thursday, on track for the first profit in ...
Gold News

Commodities

Gold plumbs one-week trough after hawkish Fed's minutes
2024-05-23 09:50AM UTC
Gold prices fell in European trade on Thursday on track for the third loss in a row, plumbing ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since ...

Commodities

Crude oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, ...
Silver Analysis

Commodities

Silver price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Silver Price Analysis Expected Scenario Silver price tested the broken bullish trend line ...