Platinum price forced to decline correctionally to the downside – Analysis – 14-11-2022
Economies.com
2022-11-14 05:23AM UTC
Platinum price failed to settle above 38.2% Fibonacci correction level at 1040.00, affected by stochastic attempt to exit the overbought level, forming a bearish correctional wave to 1020.00.
The negative trading might extend to 1005.00, which forms extra support that increases the chances for gaining the positive momentum, which allows it to confirm the breach and resume achieving the gains in the medium period by its rally towards 1075.00 and 1100.00.
The expected trading range for today is between 1005.00 and 1075.00
The expected trend for today: fluctuated
Commodities News
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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...