Platinum repeats the positive closes – Analysis – 9-9-2019

Economies.com
2019-09-09 06:36AM UTC

Platinum price kept its positive stability above 910.00 level, reinforcing the bullish attempts by its move away from the critical support at 865.00, and the stability of the moving average 55 below the current trading will increase the chances for gathering positive momentum, to ease the mission of renewing the bullish attempts that targets 980.00 and 1025.00 level.

 

By the above image, we notice stochastic attempt to reach the overbought level, to increase the strength of the positive pressures confirming the readiness of the price to reach to the suggested positive stations.

 

The expected trading range for today is between 915.00 and 980.00

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Oil Analysis

Commodities

Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...