Platinum should resume the positivity– Analysis – 11-9-2019

Economies.com
2019-09-11 06:26AM UTC

Platinum price couldn’t escape from resuming the positivity due to its repeated stability above the critical support at 863.00 for today, and 910.00 level keeps forming the neckline of the inverted double top confirms its readiness to form a new bullish attack, to target 980.00 level reaching to 23.6% Fibonacci correction level at 1025.00.

 

Stochastic attempt to reach the overbought level reinforces our bullish expectation by validating a new positive momentum, to ease the attempt of the price rally towards the suggested targets.

 

The expected trading range for today is between 910.00 and 980.00

 

The expected trend for today: Bullish

 

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 ...