Platinum price fluctuates below the additional barrier – Analysis – 19-9-2023
3 days ago

No change to platinum price correctional bullish track until this moment by settling near 933.00, confirming postponing the previously suggested negative attack, reminding you that the stability of the additional barrier at 950.00 will form solid obstacle against the positive attempts, allowing us to waiting to gather the negative momentum again and ease the mission of activating the bearish track and decline towards 880.00 followed by reaching the main negative target at 855.00.


The above chart shows the MA55 approach to the additional barrier to confirm confining trades within the previously suggested negative track, also, stochastic reach to the overbought areas confirms the beginning of getting rid of the positive pressures, to provide chances to gather the required negative momentum to achieve the mentioned negative targets.



The expected trading range for today is between 950.00 and 910.00


The expected trend for today: Bearish

Commodities News

Oil News


Is that the real reason behind Saudi Arabia's crude production cuts?
10 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Palladium News


Palladium declines as dollar muscles up amid global inflation concerns
11 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Oil News


Oil prices climb for second straight day
14 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...

Commodities Technical Analysis

Brent oil Analysis


Midday update for Brent oil 22-09-2023
17 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Oil Analysis


Midday update for Crude oil 22-09-2023
17 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Silver Analysis


Midday update for Silver 22-09-2023
17 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...