Platinum rises slowly – Analysis – 11-5-2021
Economies.com
2021-05-11 07:15AM UTC
Platinum price moves slowly despite having many factors to confirm the bullish scenario, starting from the consolidation within the bullish channel and forming continuous support at 1190.00, to decrease the chances of forming correctional bearish waves before reaching the main positive targets.
Therefore, we will continue to suggest the bullish trades, waiting to reach the first target at 1300.00, while surpassing it will allow the price to press on 1350.00 barrier.
The expected trading range for today is between 1230.00 and 1300.00
The expected trend for today: Bullish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 23-04-2024
2024-04-23 18:24PM UTC
Crude oil price rallies upwards to reach our waited target at 83.90$, and the way seems open to ...
Commodities
End of day gold price forecast update - 23-04-2024
2024-04-23 18:24PM UTC
Gold price trades with clear positivity to attack 2325.90$ level and attempts to breach it, which ...
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...