Platinum price provides positive signal – Analysis – 21-11-2023
Economies.com
2023-11-21 05:17AM UTC
Platinum price extended upwards strongly this morning, attempting to surpass the bearish channel’s resistance at 920.00, to hint the preparation to move towards the bullish track again.
Note that it is important to confirm breaching the current resistance to settle above the MA55 in order to gain new positive momentum followed by starting to target the positive stations by moving towards 934.00 soon, followed by attacking 50% Fibonacci correction level at 950.00.
The expected trading range for today is between 915.00 and 934.00
The expected trend for today: Bullish
Commodities News
Commodities
Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Commodities
Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...
Commodities
Gold surpasses $2100, scales record high
2023-12-04 09:44AM UTC
Gold prices rose in European trade on Monday, extending gains for a second session and passing ...
Commodities Technical Analysis
Commodities
Evening update for Crude oil price 04-12-2023
2023-12-04 15:02PM UTC
Crude oil price shows more bearish bias to move away from 73.73 level, to support the expected ...
Commodities
Evening update for silver price 04-12-2023
2023-12-04 15:02PM UTC
Silver price shows additional negative trades to approach our waited target at 24.60, and it is ...
Commodities
Midday update for Brent oil 04-12-2023
2023-12-04 10:12AM UTC
Brent oil price shows more bearish bias to approach the second waited target at 77.44, reminding ...