Platinum price presses on the barrier – Forecast today – 10-5-2024

Economies.com
2024-05-10 07:05AM UTC

Platinum Price Analysis

1. Expected Scenario

  • Platinum price benefits from stochastic attempts, gaining positive momentum.
  • Pressure expected to renew on $983.00 barrier to resume bullish attack.
  • Dependence on $963.00 level for additional support.
  • Confirmation awaited for breach to target new positive stations at $996.00 and $1015.00.

2. Expected Trading Range

  • Today's anticipated trading range: $965.00 support to $996.00 resistance.

Trend Forecast: Bullish

Commodities News

Gold 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 ...
Brent Oil News

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 ...
Gold News

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

Brent oil 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 ...
Oil Analysis

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 ...
Silver Analysis

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, ...