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Platinum price resumes the decline – Analysis – 2-9-2022

Economies.com
2022-09-02 08:51AM UTC

Platinum price reached the next negative target at 825.00 yesterday, affected by the negative pressures that are represented by the stability of the barrier at 855.00 besides the continuation of providing negative momentum by the main indicators until this moment.

 

And that makes us keep the negative suggestion, to keep waiting for forming a new bullish rally to reach 812.0 then attempts to press on the next support at 975.00

 

The expected trading range for today is between 840.00 and 795.00

 

The expected trend for today: Bearish

Midday update for Brent oil 02-09-2022

Economies.com
2022-09-02 09:02AM UTC

Brent oil price keeps rising to surpass our first positive target at 96.10, reinforcing the expectations of extending the correctional bullish wave to reach 97.80 as a next target, to continue suggesting the bullish trend for the rest of the day supported by stochastic positivity unless breaking 93.30 and holding below it.

 

The expected trading range for today is between 94.00 support and 98.00 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 02-09-2022

Economies.com
2022-09-02 09:01AM UTC

Crude oil price continues to rise to test 89.00$ barrier now, waiting for more bullish bias to achieve our positive targets that start at 89.75 and extend to 92.10 followed by 94.50, supported by stochastic positivity, reminding you that the continuation of the bullish wave requires holding above 86.35.

 

The expected trading range for today is between 86.35 support and 91.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 02-09-2022

Economies.com
2022-09-02 09:00AM UTC

Silver price shows more bullish bias to approach 18.00 barrier, to keep our bullish overview that its main target located at 18.60, reminding you that it is important to breach 18.15 to reinforce the positive overview, which will remain valid unless breaking 17.70 and holding below it.

 

The expected trading range for today is between 17.50 support and 18.30 resistance.

 

The expected trend for today: Bullish