Platinum repeats the sideways fluctuation – Analysis – 3-6-2020

Economies.com
2020-06-03 06:35AM UTC

Platinum price still affected by the domination of the temporary sideways bias to notice its fluctuation below the moving average 55, to continue forming barrier against the bullish trades by settling near 875.00, thus, we expect the continuation of fluctuation and moving between the current barrier and 810.00 level until gathering the positive momentum to manage to breach the barrier and record the positive targets at 915.00 and 1030.00.

 

The expected trading range for today is between 875.00 and 810.00

 

The expected trend for today: Sideways

Commodities News

Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...