Platinum price resumes the rise – Forecast today – 15-5-2024
2024-05-15 05:30AM UTC

Platinum Price Analysis

Expected Scenario

  • Platinum price didn’t get enough by touching the main target 1040.00$ yesterday, to notice taking advantage of the positive factors represented by the major indicators that provide the positive momentum, in addition to forming additional support at 1015.00, to assist to resuming the bullish attack and achieve new gains by reaching 1058.50$.
  • The mentioned positive factors allow us to keep the bullish overview for now, which increases the chances of reaching the historical resistance 1085.00$, to form the next target of the bullish trades followed by monitoring the price behavior due to the importance of this resistance to detect the expected trend for the upcoming period.

Expected Trading Range

Between 1040.00$ support and 1085.00$ resistance.

Trend Forecast: Bullish

Commodities News

Gold News


Gold edges down and logs in weekly losses
2024-05-24 20:39PM UTC
Gold prices fell on Friday even as the dollar lost ground against a basket of major rivals, with ...
Oil News


Oil prices add over 1.5% following strong manufacturing data
2024-05-23 14:51PM UTC
Global oil prices rose over 1.5% in American trade on Thursday, on track for the first profit in ...
Gold News


Gold plumbs one-week trough after hawkish Fed's minutes
2024-05-23 09:50AM UTC
Gold prices fell in European trade on Thursday on track for the third loss in a row, plumbing ...

Commodities Technical Analysis

Brent oil Analysis


Brent oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since ...


Crude oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, ...
Silver Analysis


Silver price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Silver Price Analysis Expected Scenario Silver price tested the broken bullish trend line ...