Platinum price moves away from the resistance – Analysis – 26-9-2022

Economies.com
2022-09-26 05:27AM UTC

Platinum price formed a strong negative wave to move away from the resistance at 930.00, confirming its surrender to the bearish bias domination, to notice recording some of the negative targets by reaching 851.00.

 

Stochastic reach to the oversold level will support the continuation of the negativity in the upcoming period trading, to increase the chances for targeting new negative stations by reaching 838.00 followed by the extra support that is located near 820.00.

 

The expected trading range for today is between 870.00 and 835.00

 

The expected trend for today: Bearish

 

Commodities News

Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Gold News

Commodities

Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
  Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Oil Analysis

Commodities

Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...