Platinum price postpones the rise – Forecast today – 16-4-2024
Economies.com
2024-04-16 05:45AM UTC
Platinum Price Analysis
Expected Scenario
- Platinum price repeated the negative closings below $987.00 barrier.
- To force it to postpone the bullish attack and provide new mixed trades by setting near $965.00 now.
- Stochastic decline below 50 level confirms the price surrender to the sideways bias.
- It is important to hold above the additional support $950.00 to decrease the chances of activating the negative attack and suffer many losses.
Expected Outcome
Succeeding to surpass $987.00 barrier and holding above it will ease the mission of recording the additional positive targets near $1015.00 and $1042.00.
Expected Trading Range
Between $960.00 support and $985.00 resistance.
Trend Forecast: Sideways
Commodities News
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...