Platinum price leans above the moving average – Forecast today – 8-4-2024
Economies.com
2024-04-08 05:26AM UTC
Platinum Price Analysis
Expected Scenario
- The Platinum price formed mixed trades recently due to stochastic exit from the overbought areas, testing the MA55 at $913.00 followed by starting to renew the bullish trades to settle near $930.00.
- Positive momentum gathering is essential to activate the bullish attack. It is important to surpass the $950.00 barrier to open the way to reach additional stations, starting at $965.00 and $983.00.
Expected Outcome
Renewed bullish trades are expected to push the Platinum price towards surpassing the $950.00 barrier and potentially reaching additional targets at $965.00 and $983.00.
Expected Trading Range
Between $920.00 support and $950.00 resistance.
Trend Forecast: Bullish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Sugar price hits the second target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Sugar Expected Scenario Sugar price resumed its negative trading to ...
Commodities
Corn price hits the target – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for Corn Expected Scenario Corn price succeeded to achieve our waited ...
Commodities
Brent oil price crawls upwards – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for Brent Oil Expected Scenario The Brent oil price has resumed positive ...